@cspyon wrote:
Oh, it's my own Roth IRA! But I've got some other traditional IRAs sponsored by my previous company, including the annunity plan that I already mentioned.
As long as the original question "If you cash out some portion of your Roth IRA funds, you don't pay the taxes, right?" pertains to a private Roth IRA, and you only withdraw your principle contributions, the withdrawal is not taxable. You will get a 1099-R form that you must report on your tax form but you won't owe taxes.
As I said before, work-sponsored accounts are never "IRAs"--they can be other kinds of accounts that are similar in purpose to IRAs, but they are covered by different sections of the Tax Code and the rules for withdrawals are different. Before you plan to withdraw, convert or rollover any money from a work-sponsored retirement account, make sure you clarify what kind of account it is so you can understand how those different rules might apply to you.
