Investors can withdraw funds, called taking a distribution, from their IRA at any time. Distributions from an IRA are considered taxable income. If an investor takes a distribution before age 59 ½ there is an additional 10% additional tax that is also assessed. This additional tax can be avoided if the withdrawal is related to specific hardships, such as a disability or use of funds for a specially-qualified expense. Investors should consult their legal and/or tax advisors before making any financial decisions.