is there any retirement fund where u dont get penalized so bad with taxes?

Question

i need to take from my ira but i still want to vest some of it? any ideas on what i should vest about 2500 dollars in for my retirement?

Answer 1

If you have a Roth IRA you can take out contributions at any time without penalty. This is because you have already paid taxes on the money you deposited. However, you will be penalized if you withdraw earnings.

Answer 2

Do a roll over to a roth and there will not be any penalty. Just taking it out could result in a 50% tax.