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Hello fools.

Can someone tell me how to withdrawal 10k and keep taxes and early withdrawal penalties to a minimum.

My accounts:

Vanguard Explorer $23,936.62

Vanguard Windsor II $7,067.45

Vanguard US Growth $2,874.73 (ROTH)

I have contributed $5,000 in after taxes contributions to my Roth in the past 4 years. As you can see, it has dropped in value due to the fund I had it in. I am assuming I can take all of this money out untaxed since it is not earnings. That means no taxes but I think I am still hit with a 10% early withdrawal fee unless I can figure out a way to pull this money out and claim it's for my educational debt which is around $20,000.

I am a college students and in my last year of college. I was hoping there is a loophole to use MY money from this ROTH and claim it is for education when it is for personal.

Obviously I need another $7,200 from either of the other two accounts. Can someone tell me what type of taxes I will be expected to pay and what the process is to sell off this amount of shares?


PS- PLEASE no replies on the foolishness of selling of my IRA'S. I have no choice, I need this money. Period. I don't want to borrow against it, I cannot repay it with not having a steady income right now. Thank You.

Thanks FOOLS!!



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