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You can always withdraw the money you have contributed to a Roth IRA without paying taxes...

You can always withdraw the money you have contributed to a Roth IRA without paying taxes on the withdrawal because you have already paid taxes on the original contribution. If you are younger than 59 and a half years old and opened your Roth IRA at least five years ago, you can also withdraw up to $10,000 of your Roth IRA earnings (that is, money earned from your contributions) without paying any taxes on the earnings as long you:

Earned less than $100.000 the previous year

Are currently married

Moved out of your parents’ home in the last 12 months

Were Employed at the time of the withdrawal

Are Buying your first home

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Answer #1

Are buying your first home

The Roth IRA withdrawal is tax free in case of early withdrawal if you are a first time home buyer, totally and permanently disabled or your heirs received the money which is distributed after your death. The other options are irrelevant and hence option 5 is the right answer.

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