How much must i withdraw from my ira

You can withdraw your contributions from your Roth IRA at any time and for any reason, tax-free. But that's a tall order for many people. If you withdraw money from a traditional IRA before you turn 59 ½, you must pay a 10% tax penalty (with a few exceptions), in addition to regular income. 12 Questions Retirees Often Get Wrong About Taxes in Retirement You worked hard to build your retirement nest egg. But do you know how to minimize taxes on.