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Share_noob OP t1_jegfn6p wrote

Reply to comment by DeluxeXL in Roth backdoor - Withdrawing money before retirement by Share_noob

Are you sure that's the case? I found this on investopedia

>If you meet the five-year rule:

>Under age 59½: Earnings are subject to taxes and penalties. You may be able to avoid taxes and penalties if you use the money for a first-time home purchase (a $10,000 lifetime limit applies), if you have a permanent disability. If you pass away and your beneficiary takes the distribution, taxes and penalties may also be avoided. 

>If you don’t meet the five-year rule:

>Under age 59½: Earnings are subject to taxes and penalties. You may be able to avoid the penalty (but not the taxes) if you use the money for a first-time home purchase (a $10,000 lifetime limit applies), qualified education expenses, unreimbursed medical expenses, if you have a permanent disability, or if you pass away and your beneficiary takes the distribution. 

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VisualMod t1_jegflpo wrote

Reply to YOLO: May Lord Buffett announce a position in $FRC this weekend. $29k on next weeks 15 calls by dustytrashfence

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