Series 24: 3.10.1.2. Withdrawing From A Traditional IRA

Taken from our Series 24 Online Guide

3.10.1.2. Withdrawing from a Traditional IRA

The IRS requires individuals to begin taking funds from their traditional IRAs by April 1 after the year they turn 72. Withdrawals can be taken as a lump sum or as periodic payments. Most individuals will make pre-tax contributions to their traditional IRA. Any after-tax contributions can be withdrawn tax-free, but individuals must show evidence that taxes were paid on these contributions. While individuals can withdraw funds at any time from their account, 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

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 3.10.1.2. Withdrawing From A Traditional IRA, you might also be interested in:

Series 82 - 2.1.2.3. Joint Accounts

Series 26 - Supervising Employee Conduct

Series 7 - 9.4.2.5. Short Interest Ratio

Series 82 - Communications Rules for a Public Underwriting

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

I was very impressed with all elements of Solomon's Series 24 offerings. Solomon provided an incredibly organized system for me to utilize, which kept me "on point" and focused. I felt good confidence going into the test because of the structured system that Solomon developed. I would certainly recommend Solomon to anyone that is taking the Series 24.

William Bundy, Bundy Group. Charlotte, NC

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

I passed my Series 24 today with an 80% thanks to Solomon Test Prep! I found the most benefit from using the practice exams as a learning tool, reading each answer explanation as I went along, regardless of a(n) correct/incorrect response. I found that for this exam, understanding the concepts is equally as important as memorization! Good luck!

Audrey M., Austin, TX

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, Texas

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.