Tax Facts

A—Traditional IRA Distribution Flowchart

The tax shelter provided by a traditional IRA account may not be continued indefinitely. In general, a substantial penalty is imposed if funds are maintained undistributed in a retirement plan for too long a period. This is intended to prevent the use of plan accounts as vehicles for tax-sheltered accumulation of large capital pools for the ultimate benefit of the account holder`s heirs, rather than for the account holder's own support during retirement.

Traditional IRA Distribution FlowchartDownload

Tax Facts Premium Tools
Calculators
100+ calculators specifically designed to help you easily assist clients with specific planning situations and calculations.
Practice Guidance
Designed to help you discover new ways for which to build and maintain client relationships.
Concepts Illustrated
Specifically designed to help you easily assist clients with specific planning situations and calculations.
Tax Facts Archives
Access to the entire library of Tax Facts dating back to 2012 allowing you to look up the exact tax figures from prior years.