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  1. MarylandSaves
  2. Frequently Asked Questions
  3. Saver FAQs

Are there additional withdrawal restrictions beyond normal Roth IRA restrictions?

No. The only withdrawal restrictions for MarylandSaves IRAs are those set by the federal government for any Roth or Traditional IRA. If you’re concerned, you can consult with a tax expert or financial advisor.

Articles in this section

  • How are my contributions made?
  • Will services be available in other languages?
  • Is there a limit to how much I can contribute?
  • Is my contribution pre-tax or post-tax?
  • What is the default contribution rate?
  • I’m self-employed. Can I set up my own MarylandSaves account?
  • Where do my contributions go?
  • Are there income limits to participate in MarylandSaves?
  • Is investing in MarylandSaves WorkLife Savings Account the same as putting money in a bank?
  • Is there a minimum retirement age for MarylandSaves?
See more

Related articles

  • Can I make withdrawals? 
  • Is there an administrative fee or penalty for withdrawing my money?
  • Is my contribution pre-tax or post-tax?
  • Who is responsible for choosing the available investment options?
  • Can I transfer my MarylandSaves money into another retirement savings account?
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