IRA FAQs - Distributions (withdrawals) Distributions while still working Can I take money from my traditional IRA, or my SEP or SIMPLE IRA, while I am still working? You can take distributions …

Review the required minimum distribution rules for certain retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs and 401 (k) plans.

Find out about required minimum distributions on your retirement plan under Internal Revenue Code sections 401 (a) (9), 408 (a) (6) and 408 (b) (3) and how much and when to withdraw.

Aug 26, 2025 · A plan distribution before you turn 65 (or the plan’s normal retirement age, if earlier) may result in an additional income tax of 10% of the amount of the withdrawal. IRA …

SIMPLE IRA withdrawal and transfer rules Withdrawals from SIMPLE IRAs Generally, you have to pay income tax on any amount you withdraw from your SIMPLE IRA. You may also have to …

May 29, 2025 · What if I withdraw money from my IRA? Generally, early withdrawal from an individual arrangement account (IRA) prior to age 59½ is subject to being included in gross …

Find out how and when to roll over your retirement plan or IRA to another retirement plan or IRA. Review a chart of allowable rollover transactions.

Are the basic investment rules different for SEPs and SIMPLE IRA plans? The basic investment vehicle for each of these plans is an IRA, and the investment restrictions apply equally to all …

Dec 31, 2023 · Most retirement plan distributions are subject to income tax and may be subject to an additional 10% tax. * Generally, the amounts an individual withdraws from an IRA or …

Roth IRAs A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA.