When can I withdraw from my Individual Retirement Account (IRA) without restrictions?
Withdraw penalty-free for any of the following reasons:
- Qualified higher-education expenses
- First-time home purchase*
- Age 59½
- Disability
- Qualifying medical expenses exceeding 7.5% of adjusted gross income
- Payment to beneficiaries upon the owner's death
- Payment of health insurance premiums while unemployed for 12 weeks or longer