For withdrawals from a Roth IRA -
Contributions can be withdrawn from a Roth IRA at any time without tax implications or withdrawal penalties.
Unless it's a qualified distribution, withdrawing earnings before retirement age could incur a 10% penalty and income taxes.
To withdraw earnings tax- and penalty-free, you must have held a Roth IRA for at least five years and be at least age 59 ½.
For withdrawals from a Traditional IRA -
You can withdraw or use your traditional IRA assets at any time. However, a 10% additional tax generally applies if you withdraw or use IRA assets before you reach age 59½
Since contributions to a Traditional IRA are generally deductible, all withdrawals from a Traditional IRA are taxable.
