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I read TMF Taxes' work on Roth IRAs but still have a question. I made a $2,000 contribution for tax year 1999 in early 2000. If an emergency arose and I wanted to withdraw that $2,000 (assume no withdrawl of earnings on the contribution) would that be subject to the five year rule? I understand withdrawls can be qualified and avoid taxes if withdrawn on or after 1/3/2004 based on the five year rule. However, I am relatively young (35) and 59.5 is a long way away as are the other criteria for qualifiation. I initially thought the $2,000 contribution could be taken out without penalty at any time, but now wonder.



PS: I hope this is the right board to post this, it was linked to TMF Taxes' essays.
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