Roth IRA - Contribution Withdrawal

[Alex.]

Hi,

I have a Roth IRA with Vanguard invested totally in their Target Retirement 2050 fund.

Earlier this year I put a lot of money for me (in reality, a lot of my emergency fund) in the IRA. Long story short, I withdrew some of my CONTRIBUTION money in the fund. Annoying, **** happens, but luckily no penalties or taxes.

I am ready to start re-contributing money to the fund again, but the contributions will not be as large as the amount I took out.

Question is: is it totally kosher to just start re-contributing like 100 a month, or is it a big deal that I am not re-contributing the exact amount that I took out a few months ago?

I am swamped at work and never seem to have the time to call Vanguard during their hours, but I am just wondering if anyone knows off the top of their head, or if they have gone through this.

Thanks!

[Alex.]

Today I found out from Vanguard that I can resume contributing just like normal. It automatically realizes that I took out some contribution, so I can re-make-up for that at my own place.

I just have to fill out a 1099-R form in 2009 to explain that the money I took out should not be a penalized distribution because it was contribution money not gains.

[OAG]

You do not fill out a 1099-R the custodian (Vanguard) does. Look for the codes on their form which should explain the transaction(s).

[Alex.]

Quote:

Originally Posted by OAG You do not fill out a 1099-R the custodian (Vanguard) does. Look for the codes on their form which should explain the transaction(s).

Thank you!