When can I start withdrawing from my retirement account?

You can generally start withdrawing from your retirement account without incurring early withdrawal penalties once you reach the age of 59½. At this point, you are eligible to take distributions from your account. However, keep in mind that if you have a traditional IRA or 401(k) plan, these withdrawals may be subject to income taxes. Additionally, there are certain circumstances in which you may be able to make withdrawals earlier, such as through a hardship withdrawal or under special provisions like a 72(t) distribution. It's important to familiarize yourself with the specific rules and regulations of your retirement account and consult with a financial advisor to ensure you make informed decisions regarding your withdrawals.