Re: Starting a Business vs. money in Roth
I think I have a serious misunderstanding on how Roths work. Thanks for the clarification. I will research these more. I was under the impression that I would be penalized heavily (something like 10%?) if I took any money out of the IRA prior to retirement... which is why I was hesitant to do it. If I could, in four years, just take out my contributions but keep the earning in the account, then their really is very little downside to doing this right?
Thanks. Anyone on here ever been involved in a bar startup?
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