Can I pull my ira out and personally invest in stock market without penalties?

[thbledsoe8633]

Would like to know if I can pull out money from my personal ira and invest in stocks myself.  Will I be taxed or penalized?

[Irene2805]

If you are below age 59-1/2, unless you meet one of the exceptions, you will have a 10% penalty for early withdrawal from your IRA.  Please see this list of exceptions on the IRS website:  Retirement Topics - Exceptions to Tax on Early Distributions

[SweetieJean]

You will also owe taxes on the amount withdrawn, unless its a Roth.

[fanfare]

transfer your IRA to a self-directed brokerage account.

there is no penalty.

there is no commission.

There is no reporting your activity.

if you don't already know this you should read up on it.

[fanfare]

that's self-directed IRA brokerage account.

[TomD8]

Of course you can invest in stocks within your IRA too.  Might be a better plan than pulling your funds out of your IRA.