59 1/2 can I take money out of my IRA without penalties? Other?

[Joe Schultz]

I just turned 59 1/2 can I now take money out of my self-directed IRA (SEP) without any penalty?

If I do, does this require taking social security as retirement?

Notes:

I am sure that I will have to pay taxes on any that I take out, taxed as income.

I am considering this, mostly so that I could use on other deals (not separate from my regular income, savings.

Any thoughts on this would be appreciated.

Thank you, Joe