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Can I withdraw money from my IRA before I retire?

April 26, 2017IRA IRAs money penalties retire withdraw withdrawal

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Can I withdraw money from my IRA before I retire?

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Can I withdraw money from my IRA before I retire?Answer: Yes, you can withdraw money from your regular IRA anytime. However, money withdrawn before you turn 59 ½ is typically considered an early distribution and you will probably owe an early distribution penalty. In addition, ordinary income taxes will be due on all but your non-deductible contributions.