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
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.