Money can be withdrawn anytime from a Roth IRA account for any reason without penalties and taxes as long as they are the contributions, which are after-tax dollars, so taxes have already been paid. However, earnings (profit) made from the account, have different rules that apply when withdrawing. Withdrawing from earnings on a Roth IRA account, before the account holder is 591⁄2 and/or if the account is less than 5 years old, may accrue a 10% penalty and federal taxes.