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Started By
Message
re: Vanguard Roth IRA- STAR or Target Retirement
Posted on 11/5/13 at 3:52 pm to Volvagia
Posted on 11/5/13 at 3:52 pm to Volvagia
quote:
What is the point of this?
Retirement Supplement/Emergency Fund?
Basically this. I just want to get more out any extra money that I have rather than letting it sit in a lower interest online savings account.
quote:
Remember though that you can only really take out what you put in with no penalty (which is a benefit in my case....I can take out earnings from the emergency fund segment tax free thanks to contributions to the retirement side) so its to your advantage to put a fair amount in.
So from my understanding, I can take out whatever I put in after 5 years penalty free (or can I do that even before 5 yrs?). But I have to wait until I am 59.5 years old to take out the earnings penalty free right? Minus house exceptions and the other type of things.
This post was edited on 11/5/13 at 3:58 pm
1
Posted on 11/6/13 at 8:14 am to YankeeDoodle
All non conversion contributions are allowed to be withdrawn at any time with no questions asked
Conversion contributions can be withdrawn tax/penalty free after the Roth account is older than 5 years old.
Conversion contributions can be withdrawn tax/penalty free after the Roth account is older than 5 years old.
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