On a mathematical basis, there is no difference on making 100% return on regular IRA or Roth IRA. Of course, the future tax rates make a lot of difference of $10MM IRA or $10MM Roth.
An option: Take out all your ‘contributions’ now, leaving gains/income there. No tax consequence as I understand it. Finesse your record keeping. Seed a taxable account and trade the Roth and Taxable w the same methodology. Minimize your taxes, but pay them now. Build both going forward. Leave the rat race when your after tax cash flow in the taxable account exceeds your living expenses. Only take money out of your Roth when it’s tax free. Time passes quicker than you expect. Good luck. T
%% The FEDS passed a law [ virus related] no penalty for taking money out of an IRA\not that i would get my tax advice off the internet. Certain limitation apply. LOL I also think Dave is right on, only ROTH earnings are taxed . Giving , like 10% 20%.... can be a real help. DONT have to give Bill Gates/MSFT % or amount; or start a foundation to do that.,
There is a way, you can do a Roth rollover once each year - this gives you 60 days to trade it a regular taxed acct. What profits you had in your Roth is taxed if you don't roll it back into another Roth within the 60 days. The principal of what you contributed never has taxes or penalties - you can take it out anytime you please. https://www.your-roth-ira.com/roth-ira-60-day-rollover-rule.html
two things: 1. There are people here who have traded out of their iRa and made substantial amounts of money. It comes down to growing your assets tax free vs the penalty when you need some of those funds. Only you can build the financial model to determine if the penalty outweighs the compounded growth. 2. you are 24 which means most of your trading career was the wackiness of Covid and stimulus and boredom driven meme stocks. That’s not the normal market and your future returns will likely be much smaller than your past.
You can get out of the 10% penalty, but not the taxes on the Roth earnings, via a 72T withdrawal schedule. https://www.forbes.com/advisor/retirement/rule-72t-early-withdrawals-sepps/ but if it were me, I’d be inclined to just trade more in my taxable account if I wanted more money to spend and leave the Roth alone til the withdrawals should be tax free (unless you’re targeted as an evil rich person like Peter Thiel).
You’ll get a lot of answers here but I think the best thing would be to consult your financial advisor. He will guide you in the right way.