Are there any potential downsides to taking money out of a roth ira before retirement?

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Posted by María Zoraida (MONEY FORUMS: 4, Answers: 6)
Asked on February 24, 2016 10:20 pm
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Thank you!

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Posted by María Zoraida (MONEY FORUMS: 4, Answers: 6)
Answered: February 27, 2016 10:45 am
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Depending on your age and how long the Roth IRA account has been active, there may be tax consequences. Charles Schwabb has some helpful information on withdrawing from a Roth IRA here http://www.schwab.com/public/schwab/investing/retirement_and_planning/understanding_iras/roth_ira/withdrawal_rules

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Posted by Natasha Cornelius (MONEY FORUMS: 0, Answers: 9)
Answered: February 25, 2016 11:25 am
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