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Since I make designated Roth contributions from after-tax income, can I make tax-free withdrawals from my designated Roth account at any time?

April 26, 2017account after-tax contributions designated income Roth tax-free time withdrawals

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Since I make designated Roth contributions from after-tax income, can I make tax-free withdrawals from my designated Roth account at any time?

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No, the same restrictions on withdrawals that apply to pre-tax elective contributions also apply to designated Roth contributions. If your plan permits distributions from accounts because of hardship, you may choose to receive a hardship distribution from your designated Roth account. The hardship distribution will consist of a pro-rata share of earnings and basis and the earnings portion will be included in gross income unless you have had the designated Roth account for 5 years and are either disabled or over age 59 ½.