When can you start withdrawing on an IRA?

Answer You can start withdrawing money penalty free from IRAs starting at age 59 1/2. If you have a Roth IRA, you must also have had the account open for at least five years.Source:IRS: IRA Rules

Top Q&A For: When can you start withdrawing on an IRA

At what age do you have to start withdrawing from an IRA?

You must start taking required minimum distributions from tax-deferred IRAs--which include traditional IRAs, SEP IRAs and SIMPLE IRAs--in the year you turn 70 1/2. Roth IRAs are exempt from require... Read More »

When should i start withdrawing annuities?

On One Hand: The IRS Sets a Minimum Retirement DateIf you make a withdrawal from an annuity before you are 59 1/2 years old, U.S. income tax laws will impose a penalty of 10% on the amount you rece... Read More »

How would the stock market cope w/ the net outflow, when the baby boomers start withdrawing cash 4 retirement?

You said the magic word, bankruptcy. Capitalism has gone terribly wrong. It started out as an asset based system. Now it is a debt based system. Assets are real, debt is imaginary. All the efforts ... Read More »

Withdrawing From a SIMPLE IRA?

A SIMPLE IRA is an employer-sponsored retirement plan that allows employers to make contributions to the retirement plan on behalf of their employees. SIMPLE stands for savings incentive match plan... Read More »