top of page

Individual Retirement Account

The rules regarding IRA qualified plans are among the most complex in the tax code. Since IRA programs are designed to provide retirement benefits to a participant, at some future dates all participants will begin to withdraw savings from the IRA. IRA distribution is required at age 70.5; and as a general rule, there is a 10% IRA penalty for distribution take before 59.5.


In 1974, the Employee Retirement Income Security Act (ERISA) introduced the concept of tax-free rollovers. Would it be to your advantage at retirement to rollover your 401k and/or pension into an IRA?

Download our "7 Mistakes You Don't Want to Make with Your IRA & Retirement Money

Thanks for submitting!

bottom of page