Ask The Expert: Withdrawals

MOST USEFUL ANSWERS:

I turn 53 this month and have no other retirement fund other than a traditional 401(k). At my age, is there any point in starting a Roth IRA?
99 out of 136 people found this useful.
How much should you save every month in your Roth IRA?
134 out of 193 people found this useful.
What's the penalty rate for withdrawing from a Roth before age 59.5?
106 out of 130 people found this useful.
I understand Roth contributions are not taxed when withdrawn, but what about the earnings?
106 out of 144 people found this useful.
When does my contribution for 2012 need to be in by?
106 out of 136 people found this useful.
I am going to be able to take my pension in a lump sum right now, even though I am still working and will continue to work for 5 more years. Can I put the entire lump sum in a Roth IRA, or just the $5K plus the $1K catch up amount?
85 out of 138 people found this useful.
I am 75 years. Should I convert to a Roth IRA?
85 out of 144 people found this useful.
Can one have a Roth IRA if they already participant in their employer's 401k retirement plan?
53 out of 81 people found this useful.
Can you have more than one Roth IRA?
78 out of 103 people found this useful.
Are distributions required with a Roth IRA as with a traditional IRA once a certain age is reached?
77 out of 120 people found this useful.

ALL ANSWERS:

I contributed approximately 12k from 2002 through 2012 with after-tax money. Can I withdraw it without penalty.
34 out of 48 people found this useful.
What's the penalty rate for withdrawing from a Roth before age 59.5?
106 out of 130 people found this useful.
Are earnings distributions on Roth IRAs non-taxable?
38 out of 62 people found this useful.
Can a college student withdraw earnings on an IRA without penalty?
35 out of 60 people found this useful.
After how many years I can withdraw my original contribution to a Roth IRA without paying penalties?
74 out of 108 people found this useful.
Do I have to start drawing from my Roth if I begin receiving Social Security?
51 out of 77 people found this useful.
Can I use a ROTH IRA to purchase a second home? We do not use the first home in another state.
43 out of 95 people found this useful.
Are distributions required with a Roth IRA as with a traditional IRA once a certain age is reached?
77 out of 120 people found this useful.
I am older than 59 1/2 and have been contributing to my Roth Ira for over 10 years. Can I withdraw money from it for a short term use (less than 60 days) then reinvest it with a different custodian and still maintain it as a Roth Ira?
0 out of 0 people found this useful.
If I am over 70 and had Roth IRA for over 5 years, can I withdraw fund and ten return it back to my Roth account? If yes is there a time limit?
60 out of 103 people found this useful.