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re: Withdrawing money from Roth

Posted on 9/8/14 at 9:54 am to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37709 posts
Posted on 9/8/14 at 9:54 am to
I just did not know if I had to indicate I was withdrawing contributions only
Posted by LSUengineer12
The Best Side
Member since Dec 2011
1850 posts
Posted on 9/8/14 at 1:18 pm to
My fault. Didn't realize initially you were talking about contributions only. Got it. I was under the impression you were going to pull it all out.
Posted by SDwhodat
Member since Apr 2007
2554 posts
Posted on 9/9/14 at 1:43 pm to
I would just make sure that there are no ordering rules with respect to the characterization of the money you are taking out. While you might tell the IRS that you are taking out the contributed part of your Roth, the IRS may tell you that it's part earnings and part contributions (or all of one).
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