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IRAs: IRA Distribution Types

Please note: We provide this for informational purposes only. We do not provide tax advice.

Normal Distribution

Only for IRA account owners over the age of 59½.

Premature Distribution without Exception

For IRA account owners under the age of 59½. IRA penalties may apply.

Substantially Equal Periodic Payments (SEPP/72t)

Requested funds will be placed into an SEPP plan (waiving the IRA penalties for withdrawing funds from an IRA account before you are over the age of 59½), which will pay you annual distributions for five years or until you turn 59½, whichever happens last.


To make a disability distribution, a letter from your physician dated within the last 12 months verifying total disability or a Social Security Association (SSA) notice must be attached to the IRA Distribution form.

Excess Contribution

Used for removing excess contributions and earnings before your tax-filing deadline.

Revocation of a Previously-Made Contribution to a new IRA done within 7 days

Used to reverse a contribution made to a newly established IRA. We must receive a completed IRA distribution form within 7 days of the contribution that you would like to reverse.