The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Roth Loophole Date:  3/4/1998  1:50 PM
Author:  drs Number:  2068 of 88511

After carefully reviewing ALL of the rules and regulations regarding the Roth IRA, I am convinced that one can open a Roth, invest $2000/year for a five year period, then pull out all the money (contributions and earnings) tax and penalty free if it goes toward the purchase of a new home. Is that true? Am I missing something?

If I am correct, what type of fund do you suggest for this goal?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us