A Self-Directed IRA
Company That Earns
Your Trust

Invest in what
you know
and trust

Take control
of your
retirement funds

One low fee
starting at
$180 per year

Call us today!

1-800-472-1043

Call us today!
1-800-472-1043

A Self-Directed IRA
Company That Earns
Your Trust

A Self-Directed IRA
Company That Earns
Your Trust

Call us today!

1-800-472-1043

One low fee
starting at
$180 per year

Take control
of your
retirement funds

Invest in what
you know
and trust

Slider

If you take money out of an IRA before you reach the age of 59 and 1/2, your withdrawal is called an early distribution, and you will have to pay a 10% early distribution tax on the money unless you can meet one of the following exceptions:

  • you are age 59 and 1/2
  • you die
  • you become disabled
  • if you choose to take substantially equal periodic payments
  • if you withdraw the money to pay medical expenses (the tax exemption only applies to the portion of your medical expenses that would be deductible if you itemized deductions on your tax return)
  • if you withdraw the money to pay child support or alimony
  • if you use the money to pay a federal tax levy
  • health insurance premiums (this exemption is unique to IRAs and certain conditions must be met)
  • you received unemployment compensation for at least 12 consecutive weeks, you received the funds from the IRA during a year in which you received unemployment compensation or during the following years, the IRA distribution is received no more than 60 days after you return to work
  • higher education expenses (certain conditions have to be met such as the distributions are used to pay for tuition, fees, books, supplies, and equipment, the expenses are paid on behalf of the IRA owner spouse, child, or grandchild, and the distributions do not exceed the amount of the higher education expenses)
  • first home purchase (lifetime distribution limit of $10,000, the IRA distribution must be used for the acquisition, construction, or reconstruction of a home, the funds must be used within 120 days of receipt, the funds must be used to purchase a principal residence for a first-time home buyer, the first time home buyer must be the IRA owner, or the owner's spouse, or an ancestor)

Please contact one of our IRA Experts at 800-472-1043 for more information.