how old to cash out ira
If you take a qualified withdrawal from your Roth IRA, you won't pay any taxes or penalties on your cash-out. To take a qualified withdrawal, you must be at least 59 1/2 years old, permanently disabled or taking out a maximum of $10,000 to buy a first home. In addition, the Roth IRA must have been open for at least five years, counted from January 1 of the tax year you made your first contribution.