What repercussions, penalties, fees, or additional taxes exist on withdrawing contributions (basis) from a Roth IRA account under 59 years old?
For example, suppose I have contributed $5,500 for 5 years for a total of $27,500 of contributions plus another $5,000 of earnings (i.e., total value of account is $32,500).
Reading the IRS page makes me think I can withdraw contributions from a Roth IRA account tax free, penalty free, under age 59.
Can I withdraw up to $27,500 without any fees/penalties/taxes/implications?