Roth IRA Disbursement Rules

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Roth IRA Disbursement Rules – This is a place for the community to provide tips and advice on Roth IRA Disbursement Rules. This topic was created by Emma Sahlman and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - IRA Withdrawal Rules: Traditional & Roth IRAs - Fidelity

Published: 9 years, 4 month(s) ago | Submitted by Martin Amiott | permalink

Taking money out of an IRA is referred to as withdrawing or taking distributions. Since the account is intended for retirement savings, the tax advantages go hand-in-hand with keeping the money in the account until retirement.
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For further reading: https://www.fidelity.com/retirement-planning/learn-about-iras/ira-withdrawal ^[1]

Tip 2 - Roth IRAs: Distributions | Investopedia

Published: 9 years, 4 month(s) ago | Submitted by Ing Veit | permalink

The tax treatment of a Roth IRA distributions depends on whether the distribution is qualified. Qualified distributions from Roth IRAs are tax and penalty free, but nonqualified distributions may be subjected to tax and an early distribution penalty. Qualified Distribution Defined For a distribution to be qualified, it must occur at least five years after the Roth IRA owner established and funded his/her first Roth IRA, and the distribution must occur under at least one of the following conditions: The Roth IRA holder is at least age 59.5 when the distribution occurs.
Tags: entrepreneur,ira,options,retirement saving plan,roth ira,fa seeker,wm-investments,wm-retirement

For further reading: http://www.investopedia.com/university/retirementplans/rothira/rothira3.asp ^[2]