Series 6: 3.3.1.2. Withdrawing From A Traditional IRA

3.3.1.2.  Withdrawing from a Traditional IRA

The IRS has similar required minimum distribution rules for all employer-sponsored retirement plans, including traditional IRAs and IRA-based plans, such as SEPs and SIMPLE IRAs. The RMD rules also apply to Roth 401(k) accounts but not Roth IRAs while the owner is alive. 

Most individuals will make pre-tax contributions to their traditional IRAs. Any after-tax contributions can be withdrawn tax-free, but the individual must show evidence that taxes were paid on these contributions. While individuals can withdraw funds at any time from their accounts, if they make withdrawals before the age of 59 1/2, they will be taxed on both their pre-tax contributions and their earnings and face an