Can Roth Contributions Come out Tax-Free?

Answer Contributions to a Roth IRA can be redeemed tax-free, provided the funds are "qualified distributions." Funds redeemed after age 59 1/2, used to purchase or rebuild a home, or for medical reasons a... Read More »

Top Q&A For: Can Roth Contributions Come out Tax-Free

How to Withdraw Roth IRA Contributions?

A Roth IRA is an individual retirement account that differs from a traditional IRA by receiving a tax break on the money when it is withdrawn from the account, rather than when it is deposited. The... Read More »

Are Roth IRA contributions tax deductible?

Roth IRA contributions are not tax deductible. However, all of the money in a Roth IRA can be withdrawn tax-free, including the earnings, when you are 59 1/2 years old and the account has been open... Read More »

Are Roth IRA contributions distributed before earnings?

Contributions from your Roth IRA are distributed before earnings. Contributions can be removed at any time from your Roth IRA without taxes and penalties. However, if you withdraw earnings early, y... Read More »

Can you make catch up contributions to a roth ira?

Provided you are over age 50, you can make a "catch-up" contribution to your Roth IRA. For the years 2009 and 2010, the amount is $1,000 per year. This is in addition to the $5,000 regular contribu... Read More »