In general, retirement age is 59 1/2 years old. However, you might qualify for an
exception to the 10% penalty tax. If this is a designated Roth account, then
there is also a 5 year rule that is used to determine whether you will have to
pay an additional 10% penalty tax. Please
refer to this IRS link for more information about the 5 year rule. https://www.irs.gov/retirement-plans/designated-roth-accounts
Please
refer to page 32 of Pub 575 under the heading, "tax on early
distributions" for additional
information regarding the 10% penalty tax.
Please refer to page 33 of Pub 575 under the headings,
"general exceptions" and "additional exceptions for qualified
retirement plans" to
determine if you qualify for an exception to the 10% penalty tax. https://www.irs.gov/pub/irs-pdf/p575.pdf
