Archive for July, 2007
Early Withdrawal From Roth Ira
July 5th, 2007
Question: penalties for roth IRA Early Withdrawal?
What are the penalties in Pennsylvania for withdrawing 150 dollars from the cash reserve section of my Roth IRA?
Answer: Probably $-0-
Contributions can always be taken out of a Roth Tax and Penalty free. So, assuming that you have invested more that $150, you shouldn’t have to pay any taxes or penalties.
In Service 401k Distributions to Roth IRAs by Pete Mitchell
Posted in Early Withdrawal | 
Tags: 72t, borrowing, early, early withdrawal from roth ira, early withdrawal from roth ira exceptions, ira, rules | 
No Comments »