Are you able to read my reply ? Let me reproduce it here again for you just in case if you missed it.
Hello and welcome again. Thank you for your follow up question. Perhaps I lost you on chat so could not see your reply. Anyways, I can read it now.
Kindly note that CDs and IRA would be treated differently when you withdraw it early before its due time. When you are withdrawing from a CD, yes, you can certainly do it. You might be charged a very nominal fee for early withdraway. This varies from bank to bank. There will be no other consequences of a withdrawal from a CD.
Coming to IRA. This would be little different. If you are under 59 1/2 and withdraw from IRA early, you would be subjected to 10% of additional penalty over and above the income tax as per your applicable bracket.
So, I would suggest taking money out of CD first and only then touch your IRS. You have the follwing link as an excellent reference pertaining to IRS rules on early withdrawal.http://www.bankrate.com/finance/money-guides/irs-rules-for-early-ira-withdrawals-1.aspx
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