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The Hendrys ask:

<<Is this true? I can withdraw my contributions at any time?>>

Yes, your annual contribution money may be taken from a Roth at any time for any reason free of taxes and penalty. Unlike a traditional IRA where any withdrawal is always composed of a fully or partially taxable amount regardless of whether you have made after-tax contributions or not, in a Roth the after-tax contribution money is always considered the first money out of the IRA. Precedence for withdrawal in a Roth from first money out to last is:

a. Annual contributions.

b. Conversion contributions from first to be converted to last to be converted.

c. Earnings.

You should note that conversion money must stay in the Roth for five tax-years to avoid a 10% early withdrawal penalty. Earnings normally can't be taken until age 59 1/2 AND after five tax-years have passed, but there are some exceptions to that which are explained in out IRA area at

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