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Others have answered your questions, so I will not repeat them.

But keep one thing in mind. It can be difficult to get significant amounts of money into a ROTH IRA. I retired just before the ROTH IRA became available, so I had essentially no way to put money into one other than a roll-over from my regular IRA. So I did that by rolling part of my IRA each year. It was a big part the first year because back then, I could count the income as coming in 1/4 in each of 4 years so the tax bite on that distribution was less. And in succeeding years, I adjusted the amount rolled over to minimize the taxes. Consequently some years, I could roll over nothing.

So if you need money, my advice is to take money out of a Roth IRA as little, and as late as possible. And if you want the benefits of a Roth IRA, put as much in as you can each year while you are working.
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