Where should I get my Roth IRA? Interested in index type stocks...

[JoshNurse]

I will always make around 50-80k.  I dont see myself manking any more than that.  I want to stay at a simple job.

[compassion101]

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@JoshNurse wrote:

So there is no penalty if I take out an amount in 20 years? I will be 50 years old?

I dont have plans to do this but just wondering.

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There is no penalty on taking out the amount you contributed. But if you take out the earnings there is normally a penalty.

[CharlieP]

You can take all the funds you put into a Roth IRA tax-free before 59 1/2. But if you take out earnings before 59 1/2, you have to pay taxes on them plus the 10% penalty tax for early withdrawal. Obama made a chunk of money off of me in 2012.