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.

Ask a Question

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

Guru Spotlight

Jerry Mayo

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!