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Oct 5, 2015
10:36
:42
am
RdF3
$1k can be withdrawn tax and penalty free. Earnings would be taxed as income
And a 10% penalty on top of that (assuming you're under 59 1/2).
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RdF3
Previous username
swishh_15
Bio page
RdF3
Joined
Nov 4, 2011
Last login
Apr 24, 2024
Total posts
39,889 (2,652 FO)
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Messages
Author
Time
My wife forget about a Roth IRA her mom set up for her in 2008,
JohnnyB
10/5/15 10:32am
Contributions can be taken out tax and penalty free. Unless you fall under an
patentattycoug
10/5/15 10:35am
$1k can be withdrawn tax and penalty free. Earnings would be taxed as income
RdF3
10/5/15 10:36am
Income Tax on earnings + 10% penalty (non-qualified disbursement)
Saxa
10/5/15 10:37am
How old is your wife?
CDV
10/5/15 10:41am
31. So not close to retirement.
JohnnyB
10/5/15 10:47am
Just think how much it will be worth if you leave it alone for another 30 years
Sea Chicken
10/5/15 10:48am
<< Deleted >>
Sea Chicken
10/5/15 10:48am
What kind of retirement accounts do you use? If she has a different roth IRA she
supertux
10/5/15 10:59am
RE: My wife forget about a Roth IRA her mom set up for her in 2008,
Bullrider
10/5/15 3:36pm
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