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Withdrawal options are interesting. I always get conflicting information (from financial advisors no less!) about the options for early withdrawal from a Roth I
by derwiki 16y ago
Withdrawal options are interesting. I always get conflicting information (from financial advisors no less!) about the options for early withdrawal from a Roth IRA. I think I'm finally comfortable (after confirming specifically with my Roth IRA provider) saying that you can withdrawal from your Roth IRA as long as it's only capital invested, and not money earned on that investment.
As spammy of a title as it is, Ramit Sethi's "I will Teach you to be Rich" book is a great no-bullshit look at understanding your personal finances.
- nostrademons 16y agoThat's my understanding too, for the Roth IRA.
- rortian 16y agoSo you are correct about the original contribution thing. There is also an option to start early withdraws on investment appreciations as well. It gets complicated, but basically you can start making regular withdraws (once a month I think, always of the same amount) penalty free.