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URL: http://boards.fool.com/roth-ira-withdrawal-rules-19442375.aspx
Subject: Roth IRA withdrawal rules	Date: 8/11/2003 12:18 PM
Author: RBMunkin	Number: 155 of 290
Hi Does anyone here know the rules for taking money out of a Roth IRA? Articles in the Fool retirement section says: At: http://www.fool.com/ira/rothvreg.htm it says: Choose a Roth IRA if you can do without the tax break right now. It's a more flexible instrument, because: 1. It allows you to withdraw your contributions at any time, penalty- and tax-free. 2. You do not have to take mandatory distributions at age 70 1/2. Then at: http://www.fool.com/money/allaboutiras/allaboutiras07.htm It says: Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution. So what's this discrepancie about? "Penalty- and tax free" vs. "penalty of 10%"? Thanks, RBM
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