How to Take Hardship Distributions from Self-Directed IRAs
Life sometimes gets in the way of retirement. That is the idea behind "hardship distributions," which allow those with retirement savings to take out some of their retirement to help cover the costs of emergency circumstances in their personal life. But these hardship distributions can be confusing, especially for those with a Self-Directed IRA. That is why
"The rules for Self-Directed IRA hardship distributions are the same as those for conventional Traditional IRAs," writes
What concessions are made with a hardship distribution? The distribution's penalty is waived, but it does not mean income taxes are going away.
"People with Self-Directed IRAs sometimes worry that their funds will never be available to them," says
According to
For more information on Self-Directed IRAs, hardship distributions, and American IRA, visit the blog at http://www.AmericanIRA.com or call 866-7500-IRA.
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Read the full story at http://www.prweb.com/releases/2018/03/prweb15295388.htm
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