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  • Roth IRA Withdrawal Rules - Charles Schwab
    You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free However, you may have to pay taxes and penalties on earnings in your Roth IRA
  • Penalty for Taking Money Out of a Roth IRA: What You Need to Know
    The “five-year rule” requires that a Roth IRA be held for at least five years from the tax year of the first contribution before earnings can be withdrawn penalty-free, regardless of age For example, if your first contribution was in 2020, you must wait until 2025 to withdraw earnings without penalty, assuming you are over 59½
  • Roth IRA Withdrawal Rules - Investopedia
    Roth IRA withdrawals are tax and penalty-free when you meet certain requirements Withdrawals, also called distributions, are either qualified or non-qualified This designation drives
  • IRA Early Withdrawals | Penalties, Exceptions Options | Fidelity
    A Roth IRA allows you to withdraw your contributions at any time—for any reason—without penalty or taxes For example: If you contributed $12,000 over 2 years and your Roth IRA has grown to $13,200, you can take out the original $12,000 without taxes and penalties
  • Roth IRA Withdrawal Rules - NerdWallet
    What is the Roth IRA early withdrawal penalty? There is a 10% penalty if you withdraw money early from your Roth IRA, but only if you're withdrawing from your earnings and not your contributions
  • Roth IRA Withdrawals: When, How, and Why | The Motley Fool
    Roth IRA contributions can be withdrawn anytime without taxes or penalties Converted Roth IRA funds are tax- and penalty-free after five years from Jan 1 of the year of the conversion Roth
  • IRA FAQs - Distributions (withdrawals) - Internal Revenue Service
    Certain distributions from Roth IRAs are not taxable Can I deduct the 10% additional early withdrawal tax as a penalty on early withdrawal of savings? No, the additional 10% tax on early distributions from qualified retirement plans does not qualify as a penalty for withdrawal of savings
  • Roth IRA Withdrawal Rules Penalties - Intuit TurboTax Blog
    For qualified Roth IRA distributions, you must be at least 59 ½ years old, and your Roth IRA must be at least 5 years old If you decide to make a withdrawal on Roth IRA earnings before your account has been open for five years, you may have to pay income taxes and a 10% penalty


















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