Is there an administrative fee or penalty for withdrawing my money?

There is no administrative fee or penalty for withdrawing the money you put into your Roth IRA. You already paid taxes on your contributions, and you can have it back any time you choose. However, the interest your money has been earning is taxable and possibly subject to a 10% penalty if withdrawn before you reach age 59½. For a Traditional IRA, withdrawals may also be subject to income tax and an early withdrawal penalty. Please consult with a tax expert or financial advisor to determine what steps and restrictions may apply to you.