When can I take money out of a traditional IRA?

ANSWERS: 1

Official Know-It-All

You can take money out of your traditional IRA at any time. However, if you withdraw the money before age 59 1/2 without a qualified exemption, you will have to pay a 10 percent penalty, in addition to any taxes you may owe on the money.
Source:
IRS: Traditional IRA Rules

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