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Re: CherryTree1 post# 249942

Sunday, 11/03/2019 9:52:59 AM

Sunday, November 03, 2019 9:52:59 AM

Post# of 700588
I believe you can take out of the Roth what you put in without penalty. Of course, you can’t then turn around and put that money back in to replace it. So say you had put in $36k over 6 years, and finally, after forever, a stock line NWBO pops. You could take out the $36k if you needed it (for whatever reason -a fabulous trip, pay taxes), but you have to leave the rest in until you’re aged 59.5. At which point, all those gains are tax free.

That’s how I understand Roth’s to work anyway.
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