What is the penalty for early partial of a ROTH IRA. I am 43yo.?
Partial withdrawal
Partial withdrawal
Wayne Z
Favorite Answer
You can take out your contributions at any time without tax or penalty.
The taxes and penalties kick in if you touch the earnings.
So, it all depends on how much you have contributed and how much you take out.
Jack
The penalty for a premature distribution from ANY retirement account is always 10%. The only question is how much of your withdrawal is subject to the 10% penalty.
?
10% penalty plus tax on any growth of investment.
Anonymous
Your IRA custodian can answer this for you.