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I have a need for about $22,000 urgently.
My Roth IRA has a balance of $126K. Of this, $24K is my original contributions made between 1999 & 2009, the rest is gains. My understanding is that I can withdraw my contributions with no tax consequences which in my case, could is $24K.
Is there anything that I need to watch out for before I make the withdrawal?
My Roth IRA has a balance of $126K. Of this, $24K is my original contributions made between 1999 & 2009, the rest is gains. My understanding is that I can withdraw my contributions with no tax consequences which in my case, could is $24K.
Is there anything that I need to watch out for before I make the withdrawal?
