Distributions from an IRA

Traditional IRA

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

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. To view the exceptions by the IRS you can click here.

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.