2007-01-12 21:28:06 · 4 answers · asked by expee01 1 in Business & Finance ➔ Personal Finance
yes you can but you got to pay taxes on it.
Fares Alsagri
2007-01-12 21:35:38 · answer #1 · answered by fox 5 · 0⤊ 0⤋
If it's a Roth IRA, I think you can withdraw the original money (but not the interest or dividends) after five years, but with a regular IRA you have to pay penalties.
2007-01-12 22:48:20 · answer #2 · answered by Katherine W 7 · 0⤊ 0⤋
You can withdraw money early from your IRA. You will pay a 10% penalty for early withdrawal, plus you will pay tax on the money as ordinary income.
2007-01-12 21:33:01 · answer #3 · answered by la buena bruja 7 · 1⤊ 0⤋
You can, but you will more than likely have to pay a penalty if you withdraw early. You also will have to pay the IRS their fair share.
2007-01-12 21:32:45 · answer #4 · answered by Sparkles 7 · 0⤊ 0⤋