what age can withdraw ira
You can withdraw money without penalty from a traditional IRA once you reach age 59 1/2, and you must begin taking money out at 70 1/2. Withdrawals before 59 1/2 may be subject to a 10 percent penalty from the Internal Revenue Service.ecause Roth contributions are made with post-tax money, you can withdraw them at any time with no tax and no penalty. However, if Roth contributions were rolled over from a traditional IRA, you can't withdraw them for five years or the 10 percent penalty will apply.