Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
Matt A
Lv 7
Matt A asked in Business & FinancePersonal Finance · 6 years ago

What is the penalty for early partial of a ROTH IRA. I am 43yo.?

Update:

Partial withdrawal

4 Answers

Relevance
  • Wayne Z
    Lv 7
    6 years ago
    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
    Lv 6
    6 years ago

    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.

  • ?
    Lv 7
    6 years ago

    10% penalty plus tax on any growth of investment.

  • Anonymous
    6 years ago

    Your IRA custodian can answer this for you.

    Source(s): http://www.rothira.com/roth-ira-withdrawal-rules
Still have questions? Get your answers by asking now.