What are the early withdrawal exceptions for an IRA account?

You cannot withdraw funds from your IRA account prior to the age of 59 1/2 without penalty. There are only a few rare exceptions to this rule that allow you to withdraw money without paying the penalty:

• You rolled the money directly into a new retirement account.
• You became permanently disabled.
• You used the money to pay for health insurance premiums while unemployed.
• You purchased your first home and used the money for a down payment.
• You used the money to pay for college tuition for yourself or a dependent.
• You had a medical emergency requiring payments totaling more than 7.5 percent of your income.

Ref : www.loan.com