IRA funds are not available for withdrawal until you are 59½ years old.

Name: IRA funds are not available for withdrawal until you are 59½ years old.
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The funds can be withdrawn prior to the investor turning 59½ years old; however a 10 percent penalty for early withdrawal must be paid as well as the taxes due on the IRA's earnings. The government recently relaxed these restrictions even further, allowing people with IRAs to withdraw a certain amount to help pay for education or a first home.

IRA Funds Are Not Available for Withdrawal Until You Are