Tuesday, November 2, 2010

Can you take a Roth IRA withdrawal before you retire?

questionsOne can always take money out of his Roth IRA.? In fact, it's the only retirement plan an individual can tap prior to retirement without facing any penalties or taxes. (You typically can't get your entire balance with no payments due - only your contributions to date.)

Still, any significant distribution from a Roth IRA prior to retirement introduces some complexity. Fortunately, issues like the five year rule, qualified Roth IRA distributions, and the tax treatment of non-qualified distributions are all simplified for you. Want to learn more? ?A great place to start is Can I withdraw money from my Roth IRA before I retire?


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