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 1 after the year they turn 70 1/2. 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 Any after-tax contributions can be withdrawn tax-free, but individuals must show evidence that taxes were paid on these contributions.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 additional 10%

+ Read More

More Series 24 Info

What are people saying?

Create an Account

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

Series 50 - Important Lagging Indicators

Series 66 - 4.5.1. Diversification

Series 24 - Management Companies: Closed-end Funds

Series 51 - Supervisory Control Procedures

Series 24 - Investment Analysis Tools

Series 14 - 2.8.3. Trading Ahead of Customer Orders

Series 50 - Compound Accreted Value

SIE - Taxation

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I watched the videos twice, took notes from them, and took hundreds of practice problems. The test simulator was the best part of the program. I found it helpful that you could go back and look at the questions you missed and use them to help refine what to study. I definitely would recommend the program. Get 85%+ on the practice and you should pass the 24.

Kris Nyden, Seattle, WA

Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.

Eric Altmann

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 originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

I passed the S24 today with a score of 80. Your study guide is great!!!

A.T.