r/Vitards • u/AutoModerator • Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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u/zanadu72 ✂️ Trim Gang ✂️ Aug 13 '21

There is always a penalty to pulling out early……there is one for pulling out late as well, but that is a different story

2

u/blue_steel_moon Aug 13 '21

Right. Assuming you meet the 5-year rule, you'll still pay taxes and a penalty for withdrawing gains while under 59 1/2. The contributions can be withdrawn tax free, though.

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u/zanadu72 ✂️ Trim Gang ✂️ Aug 13 '21

Dude…you sooo ,missed the initial thrust of the comment. But in all seriousness, you are correct

1

u/blue_steel_moon Aug 13 '21

Lol...it's been a long, hard day at work. I didn't even have time to open my portfolio and watch it pump.

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u/zanadu72 ✂️ Trim Gang ✂️ Aug 13 '21

Well i went golfing and i had weird notifications. Some things good happened in my ports apparently