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I have a Roth IRA that I pay into after tax. I was told that I can pull out my contributions anytime without having to pay tax, is this correct?
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January 28, 2020
11:41 PM
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Retirement tax questions
Yes with some conditions.
Are you older than 59 1/2
- If you are over 59½ you can withdraw as much as you want, as long as your Roth IRA has been open for at least 5 years.
- If you are under 59½, you can withdraw up to the amount that you contributed to the Roth IRA with no penalties.
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January 29, 2020
2:46 PM