What are the rules for withdrawing contributions from a roth ira? - ira rules
The only restriction is that you can withdraw contributions on the Roth has been open for five years or more restrictions? For example, if my account has been open 10 years, I will withdraw contributions before 2 years?
Monday, January 4, 2010
Ira Rules What Are The Rules For Withdrawing Contributions From A Roth Ira?
2 comments:
It seems that you can withdraw contributions penalty-and tax-Roth, anytime, without waiting for 5 years. The IRS noted for red items not know much about the sanctions, and both the fidelity and vanguard "Roth IRA contributions can always be withdrawn at any time without penalty" (from the Fidelity website). The punishment and the rule of law applies only beyond 5 years to their profits. And, of course, if the period of 5 years is mentioned, it is obvious that age refers the account to withdraw money.
You can take the punishment of free money at any time to buy a house or higher education.
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