Can I take distributions from my IRA? 

 

Traditional IRA 

You can start taking penalty free distributions once you reach age 59 1/2. There are a few exceptions to this rule. 

There are required distributions starting at age 70 1/2. 

  

Roth IRA 

You can start taking penalty free distributions once you reach the age 59 1/2 and the funds have been invested for 5 years. 

There are a few exceptions to this rule. 

There are no mandatory distributions in a Roth IRA. 

  

SEP IRA 

There are required distributions starting at age 70 1/2 for a SEP IRA. 

 

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