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Question

Withdrawing from Roth IRA

Forum|Forum|1 year ago
March 24, 2025
1 reply
0 views

I am age 60 and want to withdraw money from my Roth IRA. Is there a limit on how much I can withdraw? Can I take all of my money?

At age 60, you can withdraw money from your Roth IRA without any penalties and taxes, as long as your account has been open for at least five years

There is no limit on how much you can withdraw, and you can take out all of your money if you wish
No penalties: Since you are over 59½, you won't face any early withdrawal penalties
No taxes: If your Roth IRA has been open for at least five years, your withdrawals will be tax-free.

For more detailed information, you can check out the Charles Schwab and Fidelity pages on Roth IRA withdrawal rules.