Roth IRA: Distributions

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What are Qualified and Non Qualified Distributions

Roth IRA: Distributions

There are two types of Roth IRA Distributions: Qualified and Non Qualified Distributions. When you withdraw a Qualified Distribution your distribution is tax and penalty free. On the contrary, Non Qualified Distributions are subject to taxes and penalties. Qualified Distributions include:

Distributions made on or after the date that you turn 59 ½ years old.

Distributions made to your beneficiaries after you pass away.

Distributions due to a disability.

Distributions for a first time home buying program, however, there is a $10,000 limit.

   

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