Can I take money out of my account?

Yes, you can take money out of your Roth IRA at any time. There is no fee or penalty for withdrawing the contributions you make. You already paid taxes on your contributions, and you can have it back any time you choose. However, investment earnings are subject to taxation and an additional penalty if taken out before you reach age 59½ and before you’ve had your first Roth IRA for five years. There is an exception for first-time homebuyers. Your Roth IRA withdrawal could be tax-free if you have met the five-year requirement. Taking early withdrawals from Traditional IRAs may also be subject to income tax and penalty. Please consult with a tax expert or financial advisor for information specific to your own circumstances.