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You should not withdraw before the age of 59 1/2 and you might even want to consult a tax advisor before pulling out a significant sum of money. The money in a Roth IRA grows tax-deferred, not non-taxed like with 401(k) plans. We will discuss the rules for withdrawing from a Roth IRA and provide some examples on calculating your early withdrawal penalty.

You can withdraw any contributions you made to a Roth (but not earnings) at any time -- before or after 59 1/2 without paying an early withdrawal penalty. If you are under the age of 59 1/2, your earnings are subject to a 10% penalty unless you qualify for one of the exceptions to this rule.

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