Series 24: Withdrawing From A Traditional IRA

Taken from our Series 24 Online Guide

Withdrawing From a Traditional IRA

The IRS requires individuals to begin taking funds from their Traditional IRAs by April 1st after the year they turn 70½. Withdrawals can be taken as a lump sum or as periodic payments.

While individuals can withdraw funds at any time from their account, they will be taxed on the withdrawals and receive an additional 10% penalty if they make withdrawals before the age of 59½. They can avoid the penalty if the withdrawal is for one of the f

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I studied for the Series 24 for two and a half months. I thank God for his grace passed on the first attempt. The exam simulator is superb, it's projection of readiness to sit for an exam is spot on. All the feedback I received on how difficult the test was proved to be very helpful. As a result I over studied and followed the recommended study plan step by step which was key. Thanks again Jeremy and team, Solomon exam prep is the best ;)

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