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Take money out of your Roth IRA tax free, penalty free!

September 2, 2015

There’s a reason they call the Roth IRA “the Swiss Army knife of savings plans.”

You see, the Roth IRA is much more than a retirement fund. It’s also a down payment fund, a college savings fund, and an emergency savings fund all rolled into one!

That’s right. If you know what you’re doing, you can withdraw money from your Roth IRA for any purpose and pay zero taxes and zero penalties!

We’ll show you how when you read my new article titled Tax Tips: Tap Your Roth IRA the Right Way—Tax-Free and Penalty-Free.

Three ways our fact-filled article can help you:

  1. We’ll explain the major advantage of a Roth IRA. With a Roth IRA, you can withdraw your earnings at age 59 ½, completely tax- and penalty-free. And if you’re younger, you can withdraw any amount you contribute at any age for any purpose. All will be explained when you read the full article.
  2. You’ll learn how to use your Roth IRA to buy a home. When it comes to home-buying, things get a bit trickier. We’ll explain the three rules you have to follow if you want to avoid taxes and penalties. We’ll give you all the details when you read the full article.
  3. We’ll show you how to use your Roth IRA to pay for college. Good news! The tax code lets you withdraw some money tax- and penalty-free and other money penalty-free when you use it to pay college costs. You can use the money for yourself, your spouse, your children, and your grandchildren. You’ll get the whole story when you read the full article.

Filed Under: Education, Home, Investments, Retirement, Spouse, Tax Planning

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