What is both possible and impossible at the same time?

Two old friends, Jack and Jill, meet after a long time, and discussing as:

Jack: Hey, how are you, man?

Bill: Not bad, got married and I have three kids now.

Jack: That's awesome. How old are they?

Bill: The product of their ages is 72 and the sum of their ages is the same as your birth date.

Jack: Cool..But I still don't know.

Bill: My eldest kid just started taking piano lessons.

Jack: Oh, now I get it.

How old are Bill's kids?

It walks on 4 when its young, walks on 2 when it's older, and walks on 3 when its very old?

What does the below rebus riddle means?

Who can jump higher than a Mountain?

I am dry when I go inside, but wet when I am pulled outside.
The longer I am inside, the stronger I get
When I am completely out, I am wet and I literally sag
Who am I?

How can you leave a room with two legs and return with six legs?

The two towns are exactly 100 km apart. John leaves City A driving at 30 km/hr and Jacob leaves City B half an hour later driving at 60 km/hr. Who will be closer to City A when they meet?

These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.

Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.

My first is present - future's past -
A time in which your lot is cast.

My second is my first of space
Defining people's present place.

My whole describes a lack of site -
A place without length, breadth, or height.

You walk into a room that contains a match, a kerosene lamp, a candle and a fireplace. What would you light first?