Amelia Heinle and Michael Weatherly were married for 2 years. They dated for 1 year after getting together in Apr 1994 and married on 26th Sep 1995. 2 years later they divorced on 28th Nov 1997.
All distributions from a traditional IRA will be taxed as regular income unless some of your contribution was after-tax. In addition, if you liquidate before reaching age 59 1/2, you will have to pay an additional 10 percent penalty with certain exceptions.n addition, if you liquidate before reaching age 59 1/2, you will have to pay an additional 10 percent penalty with certain exceptions.
Step 2. Contact your plan custodian if you determine that you absolutely must liquidate your IRA. Your custodian will likely require that you complete certain paperwork, including how you would like the funds distributed -- e.g., check or direct deposit to your bank account -- and whether you want taxes withheld. If you only need the money for a short period of time, consider a rollover. 2  While there is no provision for borrowing from an IRA, you can do one indirect rollover per year, but you must redeposit funds in a new IRA account within 60 days of receipt.