Are there any fees or penalties for withdrawals?

Taking money out of your IRA is not like taking money out of a savings account. Withdrawing before age 59 ½ could result in IRS penalties and taxes. Depending on the reason for your withdrawal, you may be exempt from any early distribution penalty that you may otherwise owe to the IRS in connection with your withdrawal.

You can learn more on the IRS website and should consult a tax advisor for additional details.

Regarding fees, there are no fees for withdrawing funds from your Honest Dollar retirement account that will be charged by Honest Dollar or the custodian, Apex Clearing Corporation.