© 2022 MJH Life Sciences and Medical Economics. All rights reserved.
© 2022 MJH Life Sciences™ and Medical Economics. All rights reserved.
Prohibited transactions rules are intended to ensure that the assets of a plan are invested in a manner that benefits the SDIRA itself and not the SDIRA owner. Failing to understand these rules, or to find an advisor that does, may result in possible penalties.
With many investors forced to dip into retirement savings, it is important to find out in advance if you might qualify for an IRA early distribution exemption. Here are a few examples to illustrate when individuals are exempt from paying the 10 percent penalty.