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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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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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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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