Madison Trust Company Q&AAnswer
Nov 10, 2022 - 12:21 PM
Hello! There are a few important Self-Directed Roth IRA withdrawal rules to keep in mind.
The contributions you make can be withdrawn at any time without any tax penalties as you’ve already paid the taxes on these contributions.
You can withdraw earnings tax-free and penalty-free if you’ve reached age 59 ½ and at least five years have passed since you first made a contribution to your Roth IRA.
If you have any questions about self-directed investing, please call us or schedule a call with one of our IRA Specialists.
Please note, Madison Trust is a passive custodian and therefore, does not give legal, tax, or financial advice. Please consult with your tax advisor before making any investment decisions.
