Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?

cbusa — Tue, 10 Mar 2026 07:07:48 GMT

Is there a certain age you can take money out of a traditional IRA without a penalty? What about Roth IRA?

Re: Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?

Critter-3 — Wed, 09 Nov 2022 21:06:53 GMT

Is there a certain age you can take money out of a traditional IRA without a penalty? 59.5

What about Roth IRA? The contributions can always be removed tax and penalty free ... the earnings are subjet to the 5 year rule & the 59.5 rule

https://www.irs.gov/publications/p590b

Re: Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?

Opus 17 — Thu, 10 Nov 2022 00:21:58 GMT

You can withdraw money from a traditional IRA in the year that you turn age 59 1/2, or after, and you will pay regular income tax but you will not pay the 10% penalty for early withdrawal.

Roth IRA‘s are a bit more complicated. Withdrawals from IRAs are broken up by contributions, conversions, and earnings. You are always deemed to withdraw contributions first, conversions second, and earnings last.

First, you can withdraw your contributions at any time without income tax or penalty.
Second, if part of the balance of your Roth IRA is from a conversion from a traditional IRA, you may withdraw that at any time without paying additional income tax, but you will pay 10% penalty if you are under age 59 1/2 and if the conversion was done less than five years ago. If the conversion was more than five years previous, you are exempt from the 10% penalty even if you are under age 59 1/2.
Third, if you withdraw earnings from your Roth IRA, they will be subject to regular income tax plus a 10% penalty if you are under age 59 1/2. If you are over age 59 1/2, you will not be charged the 10% penalty, but you will still pay income tax on the earnings if you opened the Roth IRA less than five years previous.

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Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?

Re: Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?

Re: Is there a certain age you can take out of a traditional IRA without a penalty? What about Roth IRA?