Did you know that if you are between ages 59½ and 70½, you can take an early distribution from your IRA and not have to worry about the 10% early distribution penalty? You can take a distribution for any reason at all during this “sweet spot” period and not have to worry about getting penalized. You can also choose to not take a distribution during that time period as well since required minimum distributions (RMDs) don’t kick in until after you reach age 70½. Thus, this period offers the most flexibility regarding your IRA and associated retirement money. However, there is one caveat, you will still have to pay taxes on your withdrawal, unless it contains after-tax funds (which is rare). This period of IRA flexibility is also a good time to consider converting a traditional IRA–if you have one–to a Roth IRA as tax rates are currently low and you are not required to take RMDs from a Roth IRA during your lifetime. If you are considering either taking an early distribution from your IRA or converting a traditional IRA to a Roth IRA during that age 59½ to 70½ period, you will most likely want to speak with a certified financial planner so as to ensure that you are making a decision that is right for you.