I have my Roth IRA and Vanguard.
There is a promotion being offered at my bank which will give me a considerable monetary bonus if I keep a certain amount of cash in their money market account for 60 days minimum. I’d rather not sell any investments, so is there a way for me to take some money out of my ROTH, for a few months, and then put all the money back without penalty. I would like to remove 50k and I’ve contributed more than that amount into my Roth over the years.
Would someone let me know if this is possible and if so, would you please direct me as to the steps I’d need to take?
There is a promotion being offered at my bank which will give me a considerable monetary bonus if I keep a certain amount of cash in their money market account for 60 days minimum. I’d rather not sell any investments, so is there a way for me to take some money out of my ROTH, for a few months, and then put all the money back without penalty. I would like to remove 50k and I’ve contributed more than that amount into my Roth over the years.
Would someone let me know if this is possible and if so, would you please direct me as to the steps I’d need to take?
Statistics: Posted by thethinker — Sat Feb 10, 2024 9:04 pm — Replies 3 — Views 347