Can I take a distribution from my self-directed IRA before age 59½?
Yes. However, the taxable portion of a distribution taken before age 59½ may be subject to income tax and an additional 10% tax unless an IRS exception applies.
Exceptions may be available for certain circumstances, including qualified higher education expenses, certain first-time homebuyer expenses, birth or adoption, qualifying medical expenses, and disability.
Consult a qualified tax professional to determine the tax treatment of your distribution and whether an exception applies.
Get Started With Mountain West IRA
Explore self-directed retirement account options that allow you to hold a broader range of allowable alternative assets.
Our team provides administrative and recordkeeping services to help you establish your account and process transactions at your direction.
