38Chevy454
Thinks s/he gets paid by the post
I have some questions on Roth withdrawals for pre 59.5 age. I have a Roth that is est Feb 2015. I have some of the original contributions still in their same investments, but have switched some investments around, such that some investments are only 1-2 years old, or less. My questions, kind of related:
1) Even if the specific investment is short term, can it be withdrawn and considered as part of the original investment?
2) Can I mix up the withdrawals from any of the investments as long as the total amount of withdrawal is less than the original investment?
3) Does DRIP cause any issues? I think that DRIP is all considered part of the growth portion and is off limits for pre 59.5 withdrawal?
4) Maybe this is the overall question- Is the original investment just a dollar amount and not tied to any specific investment?
Reason I ask is considering a one-time withdrawal that would not be taxable. Never done any Roth withdrawal and being 58, I have to wait another year for the 59.5 age. Thanks for the help.
1) Even if the specific investment is short term, can it be withdrawn and considered as part of the original investment?
2) Can I mix up the withdrawals from any of the investments as long as the total amount of withdrawal is less than the original investment?
3) Does DRIP cause any issues? I think that DRIP is all considered part of the growth portion and is off limits for pre 59.5 withdrawal?
4) Maybe this is the overall question- Is the original investment just a dollar amount and not tied to any specific investment?
Reason I ask is considering a one-time withdrawal that would not be taxable. Never done any Roth withdrawal and being 58, I have to wait another year for the 59.5 age. Thanks for the help.
