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For a Roth IRA, I believe one can withdraw deposited monies (not gains) after five years. I want to recommend to a young family member of mine to start a Roth so at the very least the person can get the five-year wait out of the way (the family is reluctant to have him start investing at his age - I have no idea why, it continues to be a struggle to get him going in that area). I want to say just deposit a small amount, even $100, and then five years from now, you can take out whatever you deposited if you have regrets.

I just want to be sure that is still correct and nothing has changed with the law. Also, the five-year thing doesn't reset every year I assume? In other words, $100 deposited in year 4 doesn't need another five years to be clear, correct?

I think it was a Fool article years ago that mentioned a Roth could almost be used as a short-term emergency fund (again, no gains taken out), and I want to use that aspect to sell it to him. My hope is once it is established, an investing fever will take over. In today's age, with no-minimum balance and no commission, it is too good an opportunity to pass up.
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