IRA Rules

Posts Tagged ‘sep ira rules withdrawal’

IRA Rebel Songs – Those “Protestant” Men

MarketRiders CEO Mitch Tuchman on CNN “Your $$$$$” with Ali Velshi & Christine Romans

Question: What are the rules about withdrawing contributions (not interest) from a Roth IRA?

Please cite a source, thank you!

Answer: You can always withdraw Roth contributions–any time for any reason–penalty and tax free. The reason is that you deposited that money after-tax, so you don’t owe the govn anything on it (now or ever).

Sources: www.fool.com; www.cnnmoney.com; Yahoo! Finance; MSN Money; et al.

If you want “proof” of a source, just Google “Roth IRA withdrawals.” You should get dozens of official sites ready to confirm this information.

Retirement Plans & Investments : How to Set up an IRA Account