When can you withdraw principal from a Roth IRA?

Answer You can make withdrawals from a Roth IRA once you are 59.5 years old, as long as your account has been open for five years. If the account holder dies, the beneficiary can make withdrawals at any a... Read More »

Top Q&A For: When can you withdraw principal from a Roth IRA

Can i withdraw the principal from a roth ira without penalties?

Individuals can withdraw the principal from a Roth Individual Retirement Account without taxes or penalties at any time. This is because you did not receive any tax benefits in making the contribut... Read More »

Can I withdraw from a Roth IRA?

A Roth IRA is a retirement account given special tax benefits by the Internal Revenue Service. You do not get a tax break for contributing, but the money grows tax free and all of the money can be ... Read More »

How to Withdraw a Roth IRA Early?

A Roth IRA is an after-tax retirement savings plan. This means your contributions to the account are not tax deductible like traditional IRAs. However, you do get to remove money tax-free when you ... Read More »

When can I withdraw funds from my Roth IRA?

You can withdraw funds from your Roth IRA at any time. However, in order to take a qualified, tax-free withdrawal from your Roth IRA, you must be at least 59 1/2 years old and your account has to h... Read More »