Robert Kiyosaki and I along with the rest of the Rich Dad Advisors enjoyed a terrific seminar yesterday in Dallas, Texas. We had over 1,200 attendees in person and 3,800 in 90 countries via on-line streaming. I met many wonderful people who are intent on improving their financial situation and taking back control of their wealth.

One of them, Mark, asked me the following question that I promised I would answer here on my blog:

Q: If I trade credit spreads with a Roth IRA, and I am not yet 591/2 and the account is less than 5 years old and I withdraw from the account, I pay a 10% penalty. Is there any other tax or fee? If not, wouldn't that be less than any other taxes?

A: Yes, it would be less than any other taxes if that were the case. For that reason, the IRS and Congress have made it clear that if you withdraw from your Roth IRA within 5 years of when you first form a Roth IRA, you will pay both regular tax and a 10% penalty when you make the withdrawal. This is even true if you are over 591/2 years old. So, don't do a Roth if you need the money within the next 5 years.

Thanks for all of the great questions at the KRLD event in Dallas. I hope to see many of you at the Gold vs. US Dollar event in Scottsdale this next weekend. It will be a life-changing event that will give you more power and control over your future than anything else you could be doing this weekend. So what are you waiting for? Sign up at http://www.provisionwealth.com.

Warmest regards,

Tom