Roth IRA withdrawal / Contribution

[n2mykidz]

I see lots of notations that EARNINGS withdrawn before 5 years are taxable even if over 59 1/2 years old ... BUT what about withdrawing CONTRIBUTIONS made?  Im 64 years old and opened a Roth IRA 3 years ago. This year I withdrew $2500  but I've contributed $20k in 3 years...  Will I be taxed for taking withdrawal from my contributions? 

[Bsch4477]

Only the earnings would be subject to tax and penalty. 

[dmertz]

Since you are over age 59½, there would be no penalty on any distribution of earnings.

[Bsch4477]

@dmertz Is there no penalty or tax when the 5 year requirement has not been met?

[dmertz · Accepted solution]

There is no penalty after age 59½ regardless of how long one has had the Roth IRA.

[Bsch4477]

Thanks for the clarification. I see that only the earnings will be taxed as stated by the OP. But no penalty.