What is the definition of a sand saver in golf? In golf, a sand save is a statistic. When a player plays a round of golf, on one particular hole, if a player hits his ball into a bunker and still makes par or better, that iâ¦s a sand save.
The Internal Revenue Service has special rules for withdrawing money from IRAs in the event you become disabled. Normally, you must pay income taxes and a 10 percent penalty tax on money removed from your traditional or Roth IRA before you reach age 59 1/2.The IRS will lift some of the restrictions for a disability withdrawal, but the rules are different for traditional and Roth IRAs.owever, money taken out of a traditional IRA is still subject to ordinary income taxes. You must report the withdrawal on your tax return and pay taxes due for the year the withdrawal is made.
No Age 55 Exception. With qualified plans, employees who are at least age 55 in the year they terminate their employment will not be subject to an early distribution tax on distributions from their former employer's qualified plan. This rule does not apply to IRAs, however. If you have an IRA, the only age-related way to escape the early distribution tax is to reach the age of 59 1/2 before taking a distribution -- in other words, not to take the distribution early. No QDRO Exception. The special QDRO rules in the Tax Code do not apply to IRAs.