A 35 -year-old freelance worker contributes $⁢4,000 annually to a Roth IRA. They decide to withdraw $⁢3,000 for a vacation. What are the taxes and penalties on this withdrawal?

Name: Revolt
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Revolt · Accepted Answer

no penalties or taxes

Retirement Planning - Test Test

A 35 -year-old freelance worker contributes $⁢4,000 annually to a Roth IRA. They decide to withdraw $⁢3,000 for a vacation. What are the taxes and penalties on this withdrawal?

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