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URL:  http://boards.fool.com/retiring-early-penalties-25972814.aspx

Subject:  Retiring early: penalties? Date:  10/7/2007  10:59 PM
Author:  WallyWattz Number:  42 of 64

Hi, I'm 22 years old and just started a new job and have a 401k. I am looking to get into investing in individual stocks pretty soon (have never done so) and am contemplating whether to do this in a Roth IRA or a regular taxable brokerage account. I love the idea of having the money grow tax free but I want the ability to withdraw early in case I end up retiring early. I remember reading somewhere about if it has been in the IRA for more than 5 years, it is exempt from penalties. Is any part of this true? Suppose I wanted to retire at the age of 50, would I still get penalized for my withdraws? Obviously I am a far way away from retiring, but I just wanted to know before I open either a taxable brokerage account or an IRA. Thanks.
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