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Visit the IRS website and find information about early and required IRA distribution rules. Specifically, obtain information that can be used to answer the following
Visit the IRS website and find information about early and required IRA distribution rules. Specifically, obtain information that can be used to answer the following questions. Summarize your answers into a brief report. Be sure to share the results of your research with others in class. A. What is the age when the early distribution penalty is levied and when can it be waived? At what age must someone who owns a traditional IRA begin taking distributions? What happens if required distributions are not taken? B. When and how can someone take an early distribution from a Roth IRA without paying a penalty or taxes? C. When must someone who owns a Roth IRA begin taking distributions? d. Given what you have learned, which IRA offers the greatest level of flexibility
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