Enzolytics Inc (ENZC)

[cybermich]

**This conversation is related to a conversation about investing in a Roth IRA

I wasn't talking about pulling it out before 5 years.. but you know you could trade it (sell some shares if you want, buy another stock with the proceeds etc.)..
And if you want to pull out the contribution.. you are allowed to do that without penalty.. but there are limits to what you can contribute each year..

The biggest benefit.. would be if somebody bought x amount of shares at x price (maxed out their 2020/2021 contribution) and then those shares went up 10 fold.. all of it would be tax free.

Again, the person would only be able to take out what they contributed in 2020/2021 (if they wanted to withdraw money without penalty).. and you are right the rest they would have to wait for 5 years (or 591/2) to withdraw (unless they were willing to pay the penalty.)