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. (7)
Appears in 5 contracts
Samples: Savings Agreement (Aim Investment Securities Funds Inc), Savings Agreement (Aim Advisor Funds Inc), Savings 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. (7)
Appears in 1 contract
