non-qualified distributions of contributions

[Guest john fitz]

Forgive me if this issue has been addressed recently. I have only been able to find literature from 1998. Do early withdrawals of contributions still avoid income taxes & 72(t) penalties? With the exception of rollover contributions withdrawn within the 5-year holding period, can contributions be taken out 'whole' at any time, for any reason?

Thanks,

John Fitz

[BPickerCPA]

Assuming you're talking about Roth IRAs, annual contributions can be withdrawn at any time without tax or penalty.