A Roth IRA (Individual Retirement Account) does have early withdrawal penalties, but they are different from those of a traditional IRA. With a Roth IRA, you can withdraw your contributions at any time without penalty, as you've already paid taxes on that money. However, if you withdraw any earnings before you reach age 59½ and the account has been open for less than five years, you may be subject to both income tax and a 10% early withdrawal penalty. There are some exceptions to this penalty, such as using the funds for a first-time home purchase, qualified education expenses, unreimbursed medical expenses, health insurance premiums while unemployed, or in the event of disability or death. It's important to carefully consider the potential consequences of early withdrawals from a Roth IRA and to consult with a financial advisor or tax professional for personalized guidance.