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March 30, 2025
Question

Will I be penalized for taking funds from a Roth Ira when I have owned it for years and the funds are not from a regular ira?

  • March 30, 2025
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    1 reply

    March 30, 2025

    No, withdrawals of the cost basis of Roth IRA fund will not be subject to the 10% penalty, or taxable.  Note, earnings are not treated this way.  Early withdrawal of earnings in a Roth IRA are subject to tax and penalties.

     

    Here is some information you may find helpful: Roth IRA Withdrawal Rules & Penalties