Archive for the ‘Self Directed IRA Distribution’ Category

IRA Financial Group Introduces the Self-Directed IRA 72(t) Election Strategy for Receiving Penalty Free IRA Distributions

July 20th, 2016

IRC 72(t) election strategy is being used by self-directed IRA investors seeking to take IRA distributions prior to age 59 1/2 without penalty IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) plan solutions, introduces the Self-Directed IRA 72(t) election strategy for IRA investors looking to receive IRA distributions prior to […]

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What are the minimum distribution requirements of a Traditional IRA?

December 20th, 2012

The terms of an independent retirement account or annuity must include several minimum distribution rules, which Congress imposed to ensure that IRAs are primarily used as retirement savings media, not as vehicles to build wealth for transmission to heirs. As discussed below, these rules provide separately for distributions to IRA owners and distributions to beneficiaries […]

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What is an RMD?

October 29th, 2012

Required Minimum Distributions (RMDs) generally are minimum amounts that a retirement plan account owner must withdraw annually starting with the year that he or she reaches 70 ½ years of age or, if later, the year in which he or she retires. However, if the retirement plan account is an IRA or the account owner […]

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How do you take Distributions From a Self Directed IRA?

September 26th, 2011

In general, an IRA holder can withdraw or take a distribution of traditional IRA assets at any time. However, a 10% additional tax generally applies if one withdraws or takes a distribution of IRA assets before one reaches the age 591/2. In other words, if one takes a distribution of IRA funds prior to reaching […]

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