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Topic	Invest in stocks, or try to get a condo?
Colegreen_c12 03/30/21 3:09:05 PM #54:	Seanchan posted... Just to be clear, with a Roth you can only take out the PRINCIPAL (i.e. the money you invested) without penalty. Any gains on that money you remove before retirement would suffer a penalty. To add onto this there are exceptions. https://www.schwab.com/ira/roth-ira/withdrawal-rules Notable: You use the withdrawal (up to a $10,000 lifetime maximum) to pay for a first-time home purchase --- DPOblivion beat us all. <cite>Colegreen_c12 posted [p:952285491] in Invest in ... [t:79375157]...</cite> <quote>Seanchan posted... </cite> <quote>Just to be clear, with a Roth you can only take out the PRINCIPAL (i.e. the money you invested) without penalty. Any gains on that money you remove before retirement would suffer a penalty.</quote> To add onto this there are exceptions. https://www.schwab.com/ira/roth-ira/withdrawal-rules Notable: You use the withdrawal (up to a $10,000 lifetime maximum) to pay for a first-time home purchase --- DPOblivion beat us all.</quote> ... Copied to Clipboard!
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