The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Roth withdrawal question||Date: 6/26/2012 2:45 AM|
|Author: stockmover||Number: 116342 of 119625|
It is my understanding that all contributions to a Roth including Roth Conversions (on which taxes were paid on the conversion amount(s)) can be withdrawn at any time without penalty.
Only the earnings on the contributions are subject to the 5 year holding period and the 59 1/2 age requirement to avoid Federal and possibly State premature withdrawal penalties. Am I correct?
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|