Dear Liz: I have been contributing to a Roth 401(k) and a Roth IRA for several years. Am I able to withdraw any of my Roth contributions without penalty before I reach age 60? Answer: Your contributions to a Roth IRA can always be withdrawn tax free, at any time and at any age, said Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting. Many people who retire with Roth 401(k)s roll the money into Roth IRAs to avoid these restrictions. My wife, who turns 69 this summer, has a traditional Roth IRA worth about $150,000, all in a single large-company growth mutual fund.

Source: Los Angeles Times February 09, 2020 12:56 UTC