PLEDGING THE IRA. Xx you pledge your IRA xx security for a loan, the portion so pledged is treated as being distributed to you in that year. In addition to any regular income tax that may be payable on the distribution, the premature distribution penalty as discussed above may also be applicable.
Appears in 5 contracts
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Advisor Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim Funds Group/De), Sep and Sarsep Ira Adoption Agreement (Aim Equity Funds Inc)
PLEDGING THE IRA. Xx If you pledge your IRA xx as security for a loan, the portion so pledged xxxdged is treated as being bexxx distributed to you in that year. In addition to any regular income tax that may be payable on the distribution, the premature distribution penalty as discussed above may also be applicable.
Appears in 1 contract
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Growth Series)
