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Are Roth IRA Withdrawals Always Tax-Free or Are There Any Limitations?

April 26, 2017limitations roth ira tax-free withdrawals

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Are Roth IRA Withdrawals Always Tax-Free or Are There Any Limitations?

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All “qualified” Roth IRA distributions are tax-free. A distribution is deemed “qualified” when money has been in the account for at least five years and the owner is at least 59 and a half years old, or has become disabled, dies, or is using up to $10,000 towards a first time home purchase.