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Thanks you so much for your advice and it makes much sense to me. I'm still a little unclear about one thing regarding my Roth which I hope you can clarify. I originally opened it on 10/20/2010 and as I understand I can make a withdrawal on 1/1/2015.

As I mentioned previously I have a cash account, an IRA, two brokerage accounts and the Roth and you were very clear as to the specific order in which to access if I need funds.

When cash is drained Roth is my next target so my question is about penalties or tax consequences if I withdraw my funds. As an example my contributions have been 18K and the total value of the Roth is 45K.

Assuming I meet all the qualifiers (59 1/2 and 5 years) and I decide to pull all the funds out from what I am reading is that the 18K is good to go but I'm unclear what the consequences are for the remaining 27K.

Is there a penalty and what would the tax rate be on the 27K or is it all free and clear (doubt it).


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