With a traditional IRA, withdrawals taken before age 59 1/2 are subject to a 10% penalty with limited exceptions, like buying a first-time home. But because you don't get a tax break on your ...

Image source: Getty Images. You need to meet two criteria if you want to withdraw Roth IRA earnings penalty- and tax-free. First, you must be at least 59 1/2, and second, you must have had your ...

You cannot withdraw any funds converted to a Roth IRA within five years unless you're over age 59 1/2. You must deplete the funds of an inherited Roth IRA by the end of the fifth year following ...

The rule of 55 only allows for penalty-free early withdrawals from an employer retirement account such as a 401(k) or 403(b). If you roll the money over to an IRA, you will need to wait until age 59 1 ...

If you're 59 ½ or older you're usually ... These include: Also, if you put money into your IRA but then decide you need it back, you can generally "take back" one contribution made to a ...

Lisa Greene-Lewis: If you withdraw from your IRA or 401k, and you're younger than 59 and 1/2, you will incur an additional 10% tax, in addition to whatever your ordinary tax rate is when you file ...

No matter which type of investment you choose, a Roth IRA generates earnings that are completely tax-free whenever you decide ...

You'll pay the usual 10% fee if you withdraw from an IRA before age 59 1/2. And if you withdraw before the IRA CD matures and before you turn 59 1/2, you'll pay both penalties. While fixed ...

The Roth IRA, named after the late Delaware Sen ... you must wait five years or until you reach age 59-1/2 before you can withdraw the converted amount free of the 10% penalty.