You can withdraw money that you have contributed to a Roth IRA (i.e., your own money) at any time because the account was funded with after-tax dollars on which income taxes were already paid.
You can withdraw the earnings from a Roth IRA tax free in the following situations:
1. You have reached the age of 59½, and at least five years have passed since your Roth IRA account was opened. Earnings can be withdrawn tax-free beginning on the first …
In the early days of 529 plans, once you selected an investment option within a college savings plan, you could not change that option. Only new contributions could be invested in different investment options.
Under current rules, however, the IRS allows you to change your investment options in a college savings plan once every calendar year.
For more information, see http://www.sec.gov/investor/pubs/intro529.htm.
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