InMed Pharmaceuticals Inc (INM)

[IAmTopG]

Assuming my understanding is correct, any withdrawal on Roth IRA is penalized at 10%. But no capital gain as your contribution is already taxed..

Obviously we have the problem you indicated, I probably would not be too worried about all this. lol

https://www.forbes.com/sites/mitchelltuchman/2014/02/05/investing-basics-traditional-vs-roth-iras/#ff911dfa0af0

Roth IRA: Like with a traditional IRA you put aside money today but cannot deduct the contribution against current-year taxes. It will compound over years in the same way, but the Roth money does so tax-free.

With a Roth, you pay no income taxes on withdrawals nor capital gains taxes. There are fewer restrictions on timing of withdrawals, too, although high earners are limited in their contributions.