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re: Taking out money from a retirement account?

Posted on 1/22/13 at 11:34 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65049 posts
Posted on 1/22/13 at 11:34 am to
No because Roth has after tax money in it.
Posted by Volvagia
Fort Worth
Member since Mar 2006
51914 posts
Posted on 1/22/13 at 11:40 am to
Actually it is only tax free if it is a qualified distribution.

You won't have to pay taxes on the money that you put in it (and in fact you can take whatever money you put in, out, at any time no questions asked).

But you'll have to pay taxes on earnings.
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