When can I access the funds in my Traditional IRA?

Funds in a Traditional IRA can be accessed anytime after you reach the age of 59 1/2 without penalty.  Prior to age 59 1/2, distributions are subject to a 10% penalty by the IRS unless exempt due to the following reasons:

  • Disability or death
  • Qualifying medical expenses
  • Qualifying educational expenses
  • Unemployment under certain conditions
  • Qualified first time home purchase
  • Receipt of IRA assets in substantially equal periodic payments over your life expectancy