Legal Question in Tax Law in Illinois

roth ira

can i cash in a roth ira w/out tax liability?


Asked on 1/16/08, 11:12 am

1 Answer from Attorneys
Jeffrey R. Gottlieb Law Offices of Jeffrey R. Gottlieb, LLC

Re: roth ira

You can "cash in" up to your aggregate contribution amounts at any time without tax liability. Any withdrawals in excess of contributions are taxed unless you meet one of the exceptions, primarily being over 59.5 (also some exceptions for rist time home buyers and education).

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Answered on 1/16/08, 11:18 am


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