Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

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Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

No, withdrawals of the cost basis of Roth IRA fund will not be subject to the 10% penalty, or taxable. Note, earnings are not treated this way. Early withdrawal of earnings in a Roth IRA are subject to tax and penalties.

Here is some information you may find helpful: Roth IRA Withdrawal Rules & Penalties

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Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

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Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

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Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

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