Ask Experts Questions for FREE Help !
Ask
    lalji's Avatar
    lalji Posts: 81, Reputation: 2
    Junior Member
    		  
    #1

    Jul 25, 2015, 02:00 PM
    Roth 401K withdrawal
    Can contribution money invested in Roth 401K be withdrawn five years after investment date without tax or penalty even if I am not 59.5 at the time of withdrawal?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 25, 2015, 04:49 PM
    Yes. But it must be the money contributed, NOT the money earned by capital gains or dividends.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Withdrawal from Roth Ira [ 7 Answers ]

There was withdrawn from Roth Ira. I received 1099-R form. Distribution code : 8J. Withdrawn is done within 5 yrs of opening. In this case I need to tax on the gross distribution. The withdrawn was done for the year it was deposited ( same year). Whether tax is not considered double tax? ...

Withdrawal from a Roth Account [ 1 Answers ]

I have a Roth account that is 5 years old. There is only a small amount in the account and was thinking of rolling over some of my IRA (rollover) into the Roth.The Original Roth had significant losses ($30,000). I am 55 Years old, would I be able to withdraw all funds from my Roth without taxes, in...

I work tax exempt. 401k or roth 401k [ 4 Answers ]

I am a US citizen and work overseas. I have the tax exempt status up to $85,000. This being said, should I invest in a 401k(which is before taxes) or a Roth 401K since I really don't have to pay taxes on the income I have. Regards, Garf

Roth 401k early withdrawal [ 5 Answers ]

Hi I opened a 401k roth last year and put in 3k. Now it has a gain of $300. Due to certain reasons, I wish to withdraw all my roth money. (3000+300). I am still 26 years old. How much penalties I may face when I withdraw? Thanks

Early withdrawal from Roth IRA [ 1 Answers ]

Is it possible to withdraw funds from a Roth IRA without a penalty for buying property on which to build my home? I am 49 years old.Thanks.

View more questions Search