ST Alpha - "Going off this. Can I use the Roth money to pay the tax? So you pretty much I can pull my initial amount of tranfer out of the Roth to pay the tax?" (Reading a Post)

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In response to "yes that is correct. you can also pull out all contributions tax free at any time. -- nm" by iSpam

Going off this. Can I use the Roth money to pay the tax? So you pretty much I can pull my initial amount of tranfer out of the Roth to pay the tax?

Posted by James Bond (aka Igor) (aka Igor) May 27 '16, 09:59

Does pulling the money made on the initial investment result in a penalty?

Responses:

Doesn't work like that, I'm afraid -- (edited) - znufrii May 27, 10:05 2
- Oh.. hmm -- nm - James Bond (aka Igor) May 27, 10:08 1
  - You don't have to do it all at once, afaik -- nm - senor dentista May 27, 10:12

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