topic At age 65, can I withdraw from SEP IRAs and Trad IRAs right after making the contributions on April 15th? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/at-age-65-can-i-withdraw-from-sep-iras-and-trad-iras-right-after-making-the-contributions-on-april/01/276017#M23409 <P>I'm 65 and made both SEP IRA and TRAD IRA contributions this year to existing accounts. They were set up two years ago; They both now say "LONG TERM" ... which technically they are. And I just made the new contributions prior to 4/15/19. Can I take out any amount I wish, knowing I'll be taxed as income, going forward? I could use some of the money that is just sitting in the money market right now that hasn't been allocated to any funds. I don't have a problem taking only what was contributed prior to 4/19, but I would have to find that info as the amounts are now combined. I don't want to touch the money that has been put into funds, just some of the money sitting in the Cash reserve&nbsp;<BR /></P> Sun, 02 Jun 2019 03:31:06 GMT TuckerdogAVL 2019-06-02T03:31:06Z At age 65, can I withdraw from SEP IRAs and Trad IRAs right after making the contributions on April 15th? https://ttlc.intuit.com/community/retirement/discussion/at-age-65-can-i-withdraw-from-sep-iras-and-trad-iras-right-after-making-the-contributions-on-april/01/276017#M23409 <P>I'm 65 and made both SEP IRA and TRAD IRA contributions this year to existing accounts. They were set up two years ago; They both now say "LONG TERM" ... which technically they are. And I just made the new contributions prior to 4/15/19. Can I take out any amount I wish, knowing I'll be taxed as income, going forward? I could use some of the money that is just sitting in the money market right now that hasn't been allocated to any funds. I don't have a problem taking only what was contributed prior to 4/19, but I would have to find that info as the amounts are now combined. I don't want to touch the money that has been put into funds, just some of the money sitting in the Cash reserve&nbsp;<BR /></P> Sun, 02 Jun 2019 03:31:06 GMT https://ttlc.intuit.com/community/retirement/discussion/at-age-65-can-i-withdraw-from-sep-iras-and-trad-iras-right-after-making-the-contributions-on-april/01/276017#M23409 TuckerdogAVL 2019-06-02T03:31:06Z yes.   and no IRS penalties.  amount withdrawn taxable in... https://ttlc.intuit.com/community/retirement/discussion/yes-and-no-irs-penalties-amount-withdrawn-taxable-in/01/276018#M23410 <P>yes.&nbsp; &nbsp;and no IRS penalties.&nbsp; amount withdrawn taxable in 2019. state rules differ</P> Sun, 02 Jun 2019 03:31:06 GMT https://ttlc.intuit.com/community/retirement/discussion/yes-and-no-irs-penalties-amount-withdrawn-taxable-in/01/276018#M23410 Anonymous 2019-06-02T03:31:06Z