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When can I withdraw from a Traditional IRA without a penalty?

Once you reach age 59½, you can withdraw funds from a Traditional IRA without the 10% IRS early withdrawal penalty. You will still pay ordinary income taxes on the amount you withdraw, since Traditional IRAs are funded with pre-tax or tax-deferred dollars.

Before age 59½, withdrawals typically incur a penalty unless you qualify for an exception. Understanding these rules helps you avoid unexpected taxes and preserve your retirement savings.