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re: $1500-2k, what to invest in?
Posted on 1/31/11 at 5:32 pm to lighter345
Posted on 1/31/11 at 5:32 pm to lighter345
You can touch whatever you put into it, namely the principal, without any penalty or tax payments.
Any interest you earn, however, you cannot touch until you retire unless you pay taxes and a 10% penalty.
**Just as an aside, you can take out $10,000 without penalty after 5 years to use as a downpayment on a house.
Any interest you earn, however, you cannot touch until you retire unless you pay taxes and a 10% penalty.
**Just as an aside, you can take out $10,000 without penalty after 5 years to use as a downpayment on a house.
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