Can I withdraw my IRA contributions at any time?

Yes, you can withdraw your money at any time. Be aware that with any IRA, there are tax implications for early withdrawals or transfers before you retire. If you can, keep your funds invested for the long term. 

 

In the app, navigate to your Retirement Goal and tap the New transfer button to start the process. You'll need to indicate the reason for withdrawal. We use this reason so that we can categorize your withdrawal and report it to the IRS. When you withdraw from your IRA, you are likely going to receive a 1099-R form from Qapital by February of the following calendar year, which you will use when you file your taxes.

 

This information is for informational purposes only and is subject to change. It should not be considered legal or tax advice. Qapital does not provide legal or tax advice. If you have questions regarding your personal circumstances, please consult a tax or legal professional.

Was this article helpful?

0 out of 0 found this helpful

Have more questions? Submit a request