That's only gains. You can take out contributions penalty free for anything. After 5 years.

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Sep 30, 2024
10:50:52am

Mr. Belding Intervention Needed

That's only gains. You can take out contributions penalty free for anything. After 5 years.

Report problem with this ad

Mr. Belding

Previous username: Bravescoug
Bio page: Mr. Belding
Joined: Oct 18, 2013
Last login: Sep 30, 2024
Total posts: 22,091 (3,304 FO)

Report problem with this ad

Messages

Author

Time

I am wanting make a withdrawal from my Roth IRA, any reason why I should not?

kosmokramer

10:04am

What you’re missing is you’re depriving yourself of compounded gains on that

valleus

10:06am

Isn't there a 10% penalty, or something like that?

Ragnar Danneskjold

10:07am

Not for Roth contributions

RBLegend

10:09am

Not for certain reasons…

NorCal_Coug

10:09am

You can pull out Roth contributions for any reason you want.

RGGeemer

10:09am

That's only gains. You can take out contributions penalty free for anything. After 5 years.

Mr. Belding

10:50am

Because you will retire one day and will probably need money.

Sea Chicken

10:08am

I don’t think you’re missing anything. It’s just the loss of tax-free

RBLegend

10:08am

Can you do a 401k loan? I would recommend that if that’s an option

palangi

10:10am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad