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Roth IRA - early withdrawal rules.

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How do they know, is there a form to fill out? Need to know need to take it out unfortunately
Comment from : @LumiVictoria

So would I face taxes and/or fees if I withdraw earnings pre 59 1/2 and post 5-year old IRA account?
Comment from : @user-kx1lz8xz1m

If I take money out can I return it later?
Comment from : @robertjohanning

Thank you
Comment from : @sump96

Does the housing exception apply to buying your first home if it's overseas?
Comment from : @kemia252

If I take money from Roth, can I put back in several month with same amount?
Comment from : @sabrinasong7160

Are you able to withdraw your initial contribution within the first year of opening or does the 5 year apply to that?
Comment from : @Sorianbell

So on a video called "EARLY WITHDRAWL PENALTIES" you never actually said what the "EARLY WITHDRAWL PENALTIES" are I knew after the first minute you were not going to tell UNBELIEVABLE
Comment from : @joeflaherty4682

Thank you
Comment from : @JoeIgnizio

I'm going to contribute for 20 years Maxed out roth ira and twice as much to a taxable account At the end of 20 years I'm going to take out the entire contributions (to the roth ira) and retire
Comment from : @Asstronauts93

If I opened the account in 2019 but made contributions for the 2018 year also, will 2018 be the start of the 5 year rule?
Comment from : @KingJack86

Dec 22 here !!!
Comment from : @Viraajfamily

Hello, I have contributed more than what my current balance is due to losses in the market Does that mean I can withdraw the full amount with no penalty? Or does my account holder call some of that “investment gains”?
Comment from : @jasminefox3398

Great content, man One question: could I pull from my ROTH IRA in order to start a business?
Comment from : @ryanjamison32

beautiful video
Comment from : @papigus5027

to clarify, in order to withdraw from Roth IRA for down payment on home you still have to wait 5 years since opening the account?
Comment from : @user-np6tf8zx1u

Ironically I need to take mine out early because I’m a jazz musician Can I take out the principal with no penalties at all? I met the 5 year period
Comment from : @nickkellie

What about the 59 1/2 rule ?
Comment from : @youdontsay2181

Soo after the five year mark I can sell some of my contributions and not suffer from any penalties? So basically I would just sell off the amount of shares equal to my contribution and I would be okay?
Comment from : @zacharysellers6306

What about withdrawing to buy a plot of land?
Comment from : @Garidoes1

Just found this channel and am really enjoying getting educated
Comment from : @StevenVelasquez

I'm taking money out of vanguard because their fossil fuel investments
Comment from : @alexandracorbett6658

Good info
Comment from : @ecgodsmack86

What about down payment for a 2nd home?
Comment from : @ecgodsmack86

Great video!
Comment from : @bassandglof

If you take out contributions for a first home/college, does it also have to be 5 years old?
Comment from : @jennifern2740

Thank you This is by far the most informative video!
Comment from : @Ho_Lee_Phuq

Thanks for the information
Comment from : @letthetruthbetold5602

Hi How do I prove to the irs that I had an roth ira open for 5 year since I had one with vanguard in 2015 and now I have one with fidelity that I open in 2019? I have never filed taxes
Comment from : @ovie8977

I’m taking mine out solely for the purpose of getting a first home So I’m glad you covered that
Comment from : @philippadalino3416

Clarification: do you have to also be over 59 years old to not incur in fees/penalties? Also: what happens to your Roth IRA account if you have to move to a different country? I'm a green card holder and though I'm planning to live in the USA long term, there's always a small possibility I might need to relocate back to Italy at some point in 10 years, or 20 years (you just never know what could happen with family's health and such) I guess I'm just afraid of committing to something longterm that might involve fees/penalties as life is unpredictable, but I also don't want to find myself with no retirement because I hesitate too much
Comment from : @valedisamistade845

So I open my Roth IRA March of 2017, so in January 2021 it should be 5 years correct? Anyone?
Comment from : @alfredoguerrero

Thank you
Comment from : @SWDetboy

Thanks for breaking it down in dummy terms:} liked and subscribed!
Comment from : @zarasjourney6627

I love your Jazz intro
Comment from : @johnjen8352

if you role over a roth 401k to a roth IRA and wait 5 years can you take the gain from the 401k portion out if you not age 59 1/2?
Comment from : @crazykid-hd5kl

Thank u! Just opened an ira with vanguard last month
Comment from : @brandonabad903

Great info
Comment from : @recinosu

do you have the branch in WA state?
Comment from : @noy6184

excellent video, thanks man best explanation of roth ira i've seen
Comment from : @ThomasGrantMacDonald

Is roth in a defer comp 457 the same as an ira roth? And if i was to take out the entire sum of my account (15k) for a down payment on a house before 5 years, u r saying i would only have to pay taxes in wat ever of that 15k is profit and face no penalties?
Comment from : @thechosen1469

Super helpful and fast!
Comment from : @thomassneed8452

Strange, I want to cash my Roth IRA and I have no surrender fee I can simply get cash value at this point My earning were at the level of 15 a year So, NOTHING
Comment from : @krecikowi

I took money out of ROTH after five years and no more than contribution amount due to financial hardship but IRS came after me(I had to use a credit card to pay them) Is there a way to recoup that money?
Comment from : @Aquari66

Helpful thank you 🙏
Comment from : @andytuesday500

So im 23, lets say I open a Roth IRA today and put 3,000 in, and contribute 3,000 each year, do I get some sort of return? or is that only if I buy mutual funds and rtfs etc?
Comment from : @stoopidvideo

hii opened $5500 of my roth 2017it has earned $700 nowi want to take $2500 this julywill i be taxed and or penalized?
Comment from : @mercedescostelo1045

I once had a Traditional 401(k) at work (I cashed out :/) and I was able take out a loan on it Is that an option for a Roth IRA?
Comment from : @06Awake

I find it amusing how some of your vids have a scowl and some have a smile
Comment from : @elliottmiller3282

Can you take out some of it and not all?
Comment from : @jewelthompson4210

Very clear Thank you 😊
Comment from : @galsenprez

thanks so much! just checked and i first opened my Roth IRA in dec 2011
Comment from : @hypesy

I opened a Roth IRA in July of this year, contributing $1,800 I'm 23 years old I want to take all my money ($1,800) out to pay bills E-Trade informed me that they will charge a $25 penalty for early withdrawal What other fees will I incur? Will I face a penalty because I haven't had my account for over 5 years? brShould I talk to my accountant before taking out the money?brbrThank you for your time brSincerely, brLauren
Comment from : @lojillo8170

I opened a ROTH IRA back in January of 2015 I want to close it because I'm out of work and really need the money I'm not buying a house or paying for college I'm 42 years old and need to pay my bills What are the penalties and taxes?
Comment from : @jasons5726