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Message
re: Taking contributions out of Roth IRA to buy land (updated 5/28/24 - not Roth)
Posted on 2/1/24 at 3:37 pm to FLObserver
Posted on 2/1/24 at 3:37 pm to FLObserver
quote:
Hey it's your money and if your not happy with your current situation and you have the means to do something about it do it. Are you over 59 1/2 so that you are not hit with the Roth IRA penalty?
I don't think the 59 1/2 applies to contributions, which is what I'm talking about, only investment earnings, but I'm about 3 months shy of 59 1/2. And the account is over 5 years old.
This post was edited on 2/1/24 at 3:38 pm
1
Posted on 2/1/24 at 3:42 pm to kywildcatfanone
Contributions are yours to do with as you see fit.
30 years of tax free growth would make that a very difficult decision for me though, regardless of interest rates. You’ll never be able to put it all back is the frustrating part.
30 years of tax free growth would make that a very difficult decision for me though, regardless of interest rates. You’ll never be able to put it all back is the frustrating part.
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