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Unless certain exceptions apply, there are minimum age requirements for both, that age requirement is 59-1/2 years old. Since you are not 59-1/2 years old, and if you don't meet one of the exceptions, there will be a 10% early withdrawal penalty that will apply. Now, as for which one is better to withdraw from, this depends. In all cases, when a person makes a withdrawal from a traditional IRA, the distribution
amount is taxed as ordinary income
. With a Roth IRA
, whether the distribution amount will be taxed as ordinary income will depend upon whether the distribution from the Roth IRA is considered a qualified or a non-qualified distribution. If the distribution is considered qualified, then the distributed amount will be tax
free (keep in mind there will still be the 10% penalty unless an exception applies). On the other hand, if the distribution amount is considered non-qualified, the distributed amount will be taxed as ordinary income, plus the 10% penalty, as with the traditional IRA. For an easier read on what I have just written, you can refer to the following link;
You can also refer to the IRS
Please let me know if I can be of further assistance to you regarding this matter.
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