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re: Opening Roth IRA
Posted on 12/17/18 at 9:08 pm to TorchtheFlyingTiger
Posted on 12/17/18 at 9:08 pm to TorchtheFlyingTiger
It’s worth noting that you would be subject to a 10% early withdrawal penalty, if the roth is less than 5 years old.
1
Posted on 12/17/18 at 9:20 pm to HotDamn
Correct me if I'm wrong. Doesn't the 5 year rule only apply to conversions and earnings? I've always understood regular contributions were always tax and penalty free. I searched quickly and didn't find anything to the contrary.
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