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Retirement tax questions
I apologize, but your last comment has left me confus
There's a distinction between taxable and non-taxable amounts, right? Initially, the contributions were after tax, and $100 is being added to the Roth IRA after taxes as I paid taxes on them. So, is it correct that the Roth IRA receives $1,100 as the base amount without distinguishing between the two parts? Can I withdraw the entire $1,100 anytime I want to take out my contribution?
March 19, 2024
6:45 AM