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Author: Mark0Young Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75375  
Subject: Re: Another question on youth investing Date: 8/28/2000 11:24 PM
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Nothing can be taken out until it has been in there for 5 years.

Actually, contributions to a Roth IRA can be taken out at any time for any reason, without tax nor penalty.

The earnings are another matter--that is where the 5-year rule and at least one of the qualifying conditions (such as 59.5 years old) apply if one wants to be free from tax and penalty.
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