17 IRA withdrawal rules you need to know

Natalie Campisi

Investing money in an individual retirement account is often the easy part — for some, it’s as effortless as signing up through an employer and putting contributions on autopilot until retirement. The tricky part can be knowing when and how to withdraw retirement money to maximize your savings and avoid penalties — and still make sure your needs are met.

Withdrawing money from your retirement investment too soon or too late can incur fees. Understanding IRA rules, as well as exceptions to those rules, can help you avoid a surprise bill from the IRS. Take a look at these rules so you know exactly what IRA funds are available to you and when so you can use your IRA to reduce your tax burden.

IRA Withdrawal Rules

Before you withdraw money from your IRA, traditional or Roth, make sure you’re making a decision that won’t cost you tons in fees or penalties. Here are IRA withdrawal rules you need to know:

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