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Big writes,

I am 44 and have $1.2 Million currently in my regular IRA.

I would like to know how I might take money out each year WITHOUT incurring the 10% penalty before 59 1/2. (I already know about medical, college, etc.) How can I do this if I just want to travel or pay off the house early?

I heard that it may be possible but that the amount withdrawn must be the same each year or is based on life expectancy and that withdrawals must continue once started.

Any ideas. And yes I expect my IRA to continue appreciate.

Check out the following link:

It explains how to make penalty-free withdrawals from your IRA before age 59 1/2. There is also a free calculator to help you determine the amount of your IRA distribution.


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