Yes with some conditions.Are you older than 59 1/2 If you are over 59½ you can withdraw as much as you want, as long as your Roth IRA has been open for at least 5 years. If you are under 59½, you can withdraw up to the amount that you contributed to the Roth IRA with no penalties.

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I have a Roth IRA that I pay into after tax. I was told that I can pull out my contributions anytime without having to pay tax, is this correct?

Forum|Forum|6 years ago
January 29, 2020
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Best answer by JohnB5677

Yes with some conditions.

Are you older than 59 1/2

If you are over 59½ you can withdraw as much as you want, as long as your Roth IRA has been open for at least 5 years.
If you are under 59½, you can withdraw up to the amount that you contributed to the Roth IRA with no penalties.

JohnB5677Answer

Yes with some conditions.

Are you older than 59 1/2

If you are over 59½ you can withdraw as much as you want, as long as your Roth IRA has been open for at least 5 years.
If you are under 59½, you can withdraw up to the amount that you contributed to the Roth IRA with no penalties.

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