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Submitted 165 days ago...

Petter388

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When can Roth IRA Contributions be withdrawal tax and penalty free?

Can all Roth IRA contributions be withdrawn tax and penalty free at any time or do certain restrictions apply?

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Answer 1 / 2 - Submitted 165 days ago...

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Roth contributions are your own after-tax money, and can be distributed at any time with no tax or penalty.

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Answer 2 / 2 - Submitted 165 days ago...

secretagent

Professor (1,805)

The only part of a Roth IRA that can be withdrawn tax and penalty free are direct contributions to your Roth IRA. Rollover may be withdrawn tax and penalty free after the seasoning period (in most cases, five years). Up to $10,000 in earnings withdrawals are considered qualified (tax-free) if the money is used to acquire a principal residence for a first time buyer.

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