Skip to main content
No. of Recommendations: 0
Forgive me if this is a trival question...

I have been reading a book called "Smart Questions" from the Bloomberg bookshelf. Question #12 in the book
deals with the Roth IRA, and I read something that struck me as strange.

It reads...

You can withdraw the amounts you've contributed to a Roth IRA at any time, regardless of your age, without paying any penalty or taxes on the money.

This says (I think) that I can touch my contributions but not my gains, but I didn't think I could touch my contributions either.

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

If I contribute 2K for 10 years, then I can withdraw up to 20K from my Roth IRA in 10 years without penalties?

Thanks for the answers. (Sorry if it's a dumb question).

the hendrys

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.