Roth IRA, Traditional IRA, 401K » roth ita http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Roth IRA early distributions‏ http://www.iraroth.net/2010/02/roth-ira-early-distributions%e2%80%8f/ http://www.iraroth.net/2010/02/roth-ira-early-distributions%e2%80%8f/#comments Thu, 04 Feb 2010 22:03:36 +0000 admin http://www.iraroth.net/?p=216 Hello. I have read IRA distribution rules over and over and understand the many examples clearly, but none applies to MY situation.

I have had a Roth IRA since 1999, when I converted to it. Since then I have made the maximum after tax contributions allowable (into an aggressive stock fund), and my balance is now around $90K. I am considering withdrawing all of my contributions because I fear being wiped out by the economy, and I cannot sit back and watch that happen. I cannot move the money to a “safe” harbor because all the safe funds (such as money market) at Vanguard are closed to new investors. What would the penalty be if I pull my contributions, if there is one? Must I wait five years from the year of each contribution to withdraw penalty free (in other words, can I withdraw only my contributions through 2004) or am I free from withdrawal restrictions on my entire after tax contributions? Please clarify.

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