So I have a Roth IRA brokerage account with Scottrade. I finally have enough savings (maxed standard employer 401k, emergency fund, etc.) that I'm ready to start investing some of my discretionary income into long term investments (beyond the 401k).
Currently, I have a sizable (to me) personal savings (outside of the Efund) investment in regular stocks but the benefits of tax free gains that the Roth IRA offer appeals to me so I want to max out the Roth IRA this year, but my only holdback is that if another more lucrative investment comes along I want to be able to tap the Roth IRA. Is that allowed?
Can I take out as much as I want from the Roth IRA at any time without penalty so long as I never exceed the max put into it per year?