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Can I withdraw from my Roth IRA without penalty?

Q: Can I take a distribution from a Roth without being hit with taxes or penalty? The account is more than five years old, and the value is lower than the amount I originally contributed. --Rob, Waltham

The following answer was provided by Larry Carlton, CPA, Carlton & Duran CPAs, PC.

A: Yes - you are permitted to withdraw up to your original contribution at any time without penalty.
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