When can I withdraw from my Traditional IRA without restrictions?

You can withdraw penalty-free from your traditional IRA for any of the following reasons:

• Qualified higher-education expenses
• First time home purchase*
• Age 59 ½
• 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

(* Lifetime limit for exemption on first-time home purchase is $10,000)

If you have any further questions about this, call us at 206.398.5500 or send us a message.