Help Center

IRAs: IRA Distribution Types

Please note: We provide this for informational purposes only. We do not provide tax advice.

*Note: Depending on your user access level, and if you have an advisor who can access your account, some of the functions described here may not be available to you, or may be performed by your advisor.

Normal Distribution

Only for IRA account owners over the age of 59½.

Premature Distribution without Exception

For IRA account owners under the age of 59½. IRA penalties may apply.

Substantially Equal Periodic Payments (SEPP/72t)

Requested funds will be placed into an SEPP plan (waiving the IRA penalties for withdrawing funds from an IRA account before you are over the age of 59½), which will pay you annual distributions for five years or until you turn 59½, whichever happens last.

Disability

To make a disability distribution, a letter from your physician dated within the last 12 months verifying total disability or a Social Security Association (SSA) notice must be attached to the IRA Distribution form.

Excess Contribution

Used for removing excess contributions and earnings before your tax-filing deadline.

Revocation of a Previously-Made Contribution to a new IRA done within 7 days

Used to reverse a contribution made to a newly established IRA. We must receive a completed IRA distribution form within 7 days of the contribution that you would like to reverse.