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Author: Laura63 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121340  
Subject: Cash in Roth Date: 12/8/1999 4:02 PM
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I invested 2000 into a ROTH a year ago. It hasn't grown at all really.
What I need to know is can I withdraw the money without a penalty?
I really need the cash. I'm 35 years old.
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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22580 of 121340
Subject: Re: Cash in Roth Date: 12/8/1999 4:42 PM
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Laura63 writes:

I invested 2000 into a ROTH a year ago. It hasn't grown at all really. What I need to know is can I withdraw the money without a penalty? I really need the cash. I'm 35 years old.

I reply:

You may withdraw contributions to a Roth without penalty at any time. By rule, your first withdrawals are always deemed to come from contributions. You will pay taxes and a 10% penalty on any earnings you withdraw, but since the account hasn't grown, there won't be any. --Bob

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Author: Starling Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22581 of 121340
Subject: Re: Cash in Roth Date: 12/8/1999 4:43 PM
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1. Try very hard not to cash in your Roth. Instead, reduce the amount of new money you are saving for retirement this year. Unless you have a terrible emergency, you want to add every year. http://boards.fool.com/Messages.asp?id=1040018000000000

2. Try hard not to keep your Roth in cash; invest it. If uncomfortable, put half in a stock index fund for 6 months. Get comfortable with that and then invest the other half.

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