Is Your Roth IRA Tax Qualified?

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Roth IRA and other Retirement Planning topics.

What is a Qualified Distribution for a Roth IRA?

Is Your Roth IRA Tax Qualified?

If you withdraw from your Roth IRA after five years and before the age of 59 1/2 years old, and use the money to purchase your first home, the Roth IRA is considered a “qualified distribution”. It is tax-free.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!


Guru Spotlight
Susan Sayour