<prompt> Human: Ive read in a couple of places that withdrawal of contributions only not capital gains is allowed without penalty from a ROTH IRA, but the wording of each has been a bit vague. I have no qualifying event, such as a home purchase, I only wish to pay off a credit card. So, can I do this without penalty?  <response>: Yes, you can take contributions out at any time.You will have to file a form with your tax return to show that you took out contributions, but there will be no feetax assessed. 