--- title: "IRA Contributions And Distributions: What You Need To Know" description: IRA Contributions --- [Skip to content](https://help.advisor.com/ira-contributions-and-distributions-what-you-need-to-know#main-content) English Show submenu for translations ![](https://help.advisor.com/hs-fs/hubfs/logomark-black.png?width=100&height=75&name=logomark-black.png) Open main navigation Close main navigation - English Show submenu for translations How can we help you? - There are no suggestions because the search field is empty. 1. [Advisor Wealth Management Help Center](https://help.advisor.com/?hsLang=en) 2. [Altruist Guide](https://help.advisor.com/altruist-guide?hsLang=en) 3. [Altruist FAQs](https://help.advisor.com/altruist-guide?hsLang=en#altruist-faqs) # IRA Contributions And Distributions: What You Need To Know ## Whether you're funding your future or making withdrawals, here's a streamlined guide to handling IRA contributions and distributions at Advisor Wealth Management. ### **✅ Before You Start: Cash Must Be Ready** Make sure you have **settled cash** in your account before submitting any contribution or distribution request. If funds aren’t available, your transaction could be delayed. --- ### **📥 IRA Contributions** You can fund the following accounts via **ACH transfer**: | Account Type | Eligible Contribution Reason | | --- | --- | | Traditional IRA, Roth IRA, Rollover IRA | Regular, Rollover (60-Day) | | SEP IRA | Employer, Rollover (60-Day) | | Solo 401(k) | Employer, Employee | **Important Notes:** - Contributions submitted via our portal are applied to the **current tax year** based on the transfer date. - **Recurring contributions** will automatically count toward the **new tax year starting Jan 1.** - Want to apply funds to the **previous year (Jan 1–Apr 15)?** Submit a **one-time contribution**. --- ### **🚫 Not Eligible for Contributions** - **Beneficiary IRAs (Traditional & Roth)** – Additional contributions are not allowed. - **SIMPLE IRAs** – Employees cannot contribute directly. Employers must mail checks and include a contribution breakdown by employee. --- ### **💼 SEP IRAs: Employer-Only Contributions** - **Current year only**: We report contributions for the year funds are received, per IRS rules. - **How to contribute**: - **ACH** – Account owner only (must match bank owner) - **Check or Wire** – Include account number and name - **Employees cannot contribute** to SEP IRAs. --- ### **📤 IRA Distributions** You can request **ACH withdrawals** from the following accounts: | Account Type | Allowed Distribution Reasons | | --- | --- | | Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Solo 401(k) | Normal, Premature, Disability, Excess Removal (Current or Prior Year) | | Beneficiary IRA | Death | | Beneficiary Roth IRA | Normal, Premature | --- ### **💸 Tax Withholding Options** - **Federal**: You can withhold a **minimum of 10%**, or opt out entirely through the Altruist platform. - **State**: If you'd like state taxes withheld, submit the **Altruist IRA Distribution Form**. Requirements vary by state. --- ### **🏦 Other Distribution Options** - **Checks, wires, RMDs, and QCDs** can be arranged through Altruist’s support team. - **Excess contributions** can be removed through the client portal or using the distribution form (select "Add Funds"). --- ### ⚠️ A Friendly Reminder We’re here to help, but we can’t provide tax or legal advice. 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