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What are IRA distributions?

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What are IRA distributions?

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  1. A distribution is when you withdraw money from the IRA.  If you take a distribution (withdrawal) before age 59 1/2 you are subject to taxes and penalties which can total up to 40%.


  2. When retired we receive a fix amount each month from the Company managing our IRA.  Also Federal taxes are withheld on said amount,

    This is the IRA distribution
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