Roth IRA - early withdrawal rules.

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Information Roth IRA - early withdrawal rules.

Title	:	Roth IRA - early withdrawal rules.
Lasting	:	5.27
Date of publication	:
Views	:	46 rb

If I take money from Roth, can I put back in several month with same amount?
Comment from : Sabrina Song

Are you able to withdraw your initial contribution within the first year of opening or does the 5 year apply to that?
Comment from : Brad W

So on a video called "EARLY WITHDRAWL PENALTIES" you never actually said what the "EARLY WITHDRAWL PENALTIES" are I knew after the first minute you were not going to tell UNBELIEVABLE
Comment from : Joe Flaherty

I have both the traditional and Roth just opened last month after I lost my job my question is how often can you move funds from the traditional into the Roth? I can’t seem to have someone explain this where I can understand it sorry a dummy here too 😢 I live in clermont and come down to st pete once a month to visit family I may just drop in to ask questions thanks for the info
Comment from : Rosa C

How would "they" know u took it out early and where do we pay the penalty? During filing our income tax? And u forgot to talk about terminal illness!
Comment from : RC

Thank you
Comment from : Joe Ignizio

I'm going to contribute for 20 years Maxed out roth ira and twice as much to a taxable account At the end of 20 years I'm going to take out the entire contributions (to the roth ira) and retire
Comment from : Asstronauts

If I opened the account in 2019 but made contributions for the 2018 year also, will 2018 be the start of the 5 year rule?
Comment from : Jack

Dec 22 here !!!
Comment from : Rajesh

Hello, I have contributed more than what my current balance is due to losses in the market Does that mean I can withdraw the full amount with no penalty? Or does my account holder call some of that “investment gains”?
Comment from : Jasmine Fox

Great content, man One question: could I pull from my ROTH IRA in order to start a business?
Comment from : ryanjamison32

beautiful video
Comment from : Papi Gus

to clarify, in order to withdraw from Roth IRA for down payment on home you still have to wait 5 years since opening the account?
Comment from : J

Ironically I need to take mine out early because I’m a jazz musician Can I take out the principal with no penalties at all? I met the 5 year period
Comment from : Nick Kellie

What about the 59 1/2 rule ?
Comment from : You dont say

Soo after the five year mark I can sell some of my contributions and not suffer from any penalties? So basically I would just sell off the amount of shares equal to my contribution and I would be okay?
Comment from : Zachary Sellers

What about withdrawing to buy a plot of land?
Comment from : AztecaPNW

Just found this channel and am really enjoying getting educated
Comment from : Steven Velasquez

I'm taking money out of vanguard because their fossil fuel investments
Comment from : Alexandra Corbett

Good info
Comment from : ecfearfactory86

What about down payment for a 2nd home?
Comment from : ecfearfactory86

Great video!
Comment from : bassandglof

If you take out contributions for a first home/college, does it also have to be 5 years old?
Comment from : Jennifer N

Thank you This is by far the most informative video!
Comment from : Ho Lee Phuq

Thanks for the information
Comment from : Let The Truth Be Told

Hi How do I prove to the irs that I had an roth ira open for 5 year since I had one with vanguard in 2015 and now I have one with fidelity that I open in 2019? I have never filed taxes
Comment from : ovie

I’m taking mine out solely for the purpose of getting a first home So I’m glad you covered that
Comment from : Philip Padalino

So let's say I have put $6000 into a Roth IRA Only one year later, total account balance in now $7000 Am I able to withdrawal the $6000 tax and penalty free?
Comment from : Cameron24529

Clarification: do you have to also be over 59 years old to not incur in fees/penalties? Also: what happens to your Roth IRA account if you have to move to a different country? I'm a green card holder and though I'm planning to live in the USA long term, there's always a small possibility I might need to relocate back to Italy at some point in 10 years, or 20 years (you just never know what could happen with family's health and such) I guess I'm just afraid of committing to something longterm that might involve fees/penalties as life is unpredictable, but I also don't want to find myself with no retirement because I hesitate too much
Comment from : Vale Disamistade

So I open my Roth IRA March of 2017, so in January 2021 it should be 5 years correct? Anyone?
Comment from : Alfredo Guerrero

Thank you
Comment from : SWDetboy

Thanks for breaking it down in dummy terms:} liked and subscribed!
Comment from : Zaras Journey

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Comment from : Srikanth Jatharakonda

I love your Jazz intro
Comment from : John Jen 83

if you role over a roth 401k to a roth IRA and wait 5 years can you take the gain from the 401k portion out if you not age 59 1/2?
Comment from : crazykid123321

Thank u! Just opened an ira with vanguard last month
Comment from : Brandon Abad

Great info
Comment from : Richard recino

do you have the branch in WA state?
Comment from : Smart Investor 4627

Where does the 10 fee come from? And is that 10 fee just on the earnings? How is the fee calculated? What about transferring from an old roth to a new roth? Pretty sure I read that's tax free to switch companies, but does it need to be a direct transfer? Hard to get clear details
Comment from : PJ Brunet

excellent video, thanks man best explanation of roth ira i've seen
Comment from : Thomas Grant MacDonald

Is roth in a defer comp 457 the same as an ira roth? And if i was to take out the entire sum of my account (15k) for a down payment on a house before 5 years, u r saying i would only have to pay taxes in wat ever of that 15k is profit and face no penalties?
Comment from : TheChosen 1

Super helpful and fast!
Comment from : thomas sneed

Strange, I want to cash my Roth IRA and I have no surrender fee I can simply get cash value at this point My earning were at the level of 15 a year So, NOTHING
Comment from : Mole

I took money out of ROTH after five years and no more than contribution amount due to financial hardship but IRS came after me(I had to use a credit card to pay them) Is there a way to recoup that money?
Comment from : Jewel Belcher

Helpful thank you 🙏
Comment from : Andy Tuesday

so helpful i was just wondering which was better so i could have some type of freedom with my money instead of it being tied up until 2053
Comment from : Vershawn

So im 23, lets say I open a Roth IRA today and put 3,000 in, and contribute 3,000 each year, do I get some sort of return? or is that only if I buy mutual funds and rtfs etc?
Comment from : John Wick

hii opened $5500 of my roth 2017it has earned $700 nowi want to take $2500 this julywill i be taxed and or penalized?
Comment from : Mercedes Costelo

I once had a Traditional 401(k) at work (I cashed out :/) and I was able take out a loan on it Is that an option for a Roth IRA?
Comment from : Daniel Sanchez

I find it amusing how some of your vids have a scowl and some have a smile
Comment from : Elliott Miller

Thank you for the the clarification Jazz I pulled out a portion of what I contributed to my Roth this year, but did not touch any earnings Will I need to include this on my taxes this year? Is so, where on my 1040 would I present this information? Or is it a completely separate form that needs to be attached to my 1040 Thank you in advance for your time
Comment from : Squid Vicious

Can you take out some of it and not all?
Comment from : Jewel Thompson

Nice video!!What exactly should a roth ira consist of? Stocks bonds and money that is not invested in the stock market? Where does the money that you put in your roth ira go, like what is it invested in? Do you mind doing a video on the components of a roth ira like what exactly makes one up
Comment from : Jewel Thompson

Very clear Thank you 😊
Comment from : Galsenprez 221

thanks so much! just checked and i first opened my Roth IRA in dec 2011
Comment from : hypesy

I opened a Roth IRA in July of this year, contributing $1,800 I'm 23 years old I want to take all my money ($1,800) out to pay bills E-Trade informed me that they will charge a $25 penalty for early withdrawal What other fees will I incur? Will I face a penalty because I haven't had my account for over 5 years? brShould I talk to my accountant before taking out the money?brbrThank you for your time brSincerely, brLauren
Comment from : lo jillo

I opened a ROTH IRA back in January of 2015 I want to close it because I'm out of work and really need the money I'm not buying a house or paying for college I'm 42 years old and need to pay my bills What are the penalties and taxes?
Comment from : Jason S

If a military member had a Roth TSP for 6 years in the military, got out and rolled it into a ROTH IRA, would they have to wait an additional 5 years in order to remove their contributions penalty free?
Comment from : Fran59