Hi: Recently I have had a major problem with my Roth IRA account. I started investing Roth IRA in 2000 under a strong influence from my banker. He promised me at that time that I would be allowed to take the money out without penalty before the five year limit if I was going to use that money for the buying my first home. I listen to him, because that was my major concern not to invest in a IRA account to begin with. We withdrew the money to buy our house last year. Now I am told we still have to pay 30% income tax on this money taken out from our Roth IRS account which we were never told! Can some one help me on that? David