Traditional IRA Distributions: Early, Normal & Required

The tax and penalty implications to IRA owners vary depending on the IRA owner's age at the time of the distribution. In this session, we will look at the rules specific to Traditional IRA distributions: when they may take distributions, when they must take distributions, and your role in administering it all. Specifically and sequentially, we'll talk through the implications of a Traditional IRA owner taking early distributions and the potential associated penalties, but we’ll also explore the list of early distribution penalty exceptions. We'll review normal distributions and then, finally, dive into the required distribution rules applicable to Traditional IRAs. We’ll wrap up by highlighting the withholding rules to which Traditional IRA distributions are subject.