The earnings can stay in the account indefinitely with no penalty? So I just make a withdrawal of $5500 (the amount contributed in 2018) and pay 6% on that, that's it?
edit: Or I guess I'd pay 10% on that amount as an early distribution? But it's actually withdrawing a contribution so wouldn't normally be penalized? I don't see how that would then be 'flagged' as correcting an excess contribution, it seems too easy... I thought excess contribution and earnings combined were suppose to accrue 6% penalty every year until removed from the account.
