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I have a need for about $20,000.

My Roth IRA has a balance of $126K. Of this, $24K is my original contributions, the rest is gains (lucky me!). My contributions were made between 1999 and 2009.

My understanding is that I can withdraw my contributions with no tax consequences. In my case, this could be up to $24K.

Is there anything that I need to watch out for before I make the withdrawal? It feels weird taking money out of an IRA; I've never done that before.

Thanks in advance!


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