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What Is the Penalty for Early Roth IRA Withdrawal?

April 26, 2017early Finance IRAs penalty planning retirement roth ira withdrawal

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What Is the Penalty for Early Roth IRA Withdrawal?

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Unlike a traditional IRA, Roth IRAs allow for withdrawals that are generally tax-free, under certain conditions. Also, there are fewer withdrawal restrictions with a Roth, but early withdrawal can still bring a penalty.