when can i draw from an ira?
<answer> On a traditional IRA, generally you can't withdraw until 59 ½. <context> On a traditional IRA, generally you can't withdraw until 59 ½, although there are all sorts of exceptions, Piershale says. Although money used for an eligible purpose is not subject to a penalty, income taxes still apply. In addition, the decision to raid a retirement fund should not to be taken lightly.