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Feb 21, 2018
10:02:04am
RdF3 All-American
Because it isn't true.
You can take out your contributions to a Roth IRA at anytime. I could contribute $5,500 today and then 1 year from today let's say it's worth $6,500. I could withdraw my $5,500 contribution penalty free.

The 5 year rule only applies to the earnings. You must have had the Roth IRA for 5 years to withdraw the earnings, even if you're over 59 1/2. There's no time limit on the contributions.
This message has been modified
Originally posted on Feb 21, 2018 at 10:02:04am
Message modified by RdF3 on Feb 21, 2018 at 10:02:24am
Message modified by RdF3 on Feb 21, 2018 at 10:05:10am
Message modified by RdF3 on Feb 21, 2018 at 10:09:02am
Message modified by RdF3 on Feb 21, 2018 at 10:16:21am
Message modified by RdF3 on Feb 21, 2018 at 10:55:53am
RdF3
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RdF3
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