Quote:
Originally posted by carnutzzz
I believe you can actually remove any money earned in the Roth penalty free. But your initial investment must remain.
Here's something for the kids-
Assume 8% ROI.
Deposit $4k per year between the ages of 15-22. Never save another penny.
Retire with nearly a cool mil. Compounding interest proves there is a God.
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Just the opposite, the earnings have to stay till age 59 1/2, the principal can be withdrawn w/o penalty at any time(just don't tell the kid about that). You can only deposit earned income, kid has to have a job, on the books
Everyone should do this for their kids!!