When can I take money out of my Roth account?

Answer On One Hand: Any Time You ChooseYou can take money out of your Roth IRA at any time. Contributions can be removed without penalty. But if you withdraw earnings early, you must pay income taxes on t... Read More »

Top Q&A For: When can I take money out of my Roth account

Can i take money out of my roth ira account?

On One Hand: IRS Distribution Rules ApplyThe Internal Revenue Service allows individuals to make tax-free withdrawals from their Roth IRA accounts under certain conditions. Individuals can take mon... Read More »

Can the beneficiaries keep the money in the Roth IRA account?

The IRS requires that interest from a Roth IRA be distributed to beneficiaries at the end of the fifth year after the owner's death. A spouse beneficiary, however, may postpone distributions until ... Read More »

What is an IRA Roth account?

An IRA Roth account is a retirement account which individuals can contribute to with income that has already been taxed. You can withdraw money from your IRA once you turn 59 1/2 or earlier if you ... Read More »

What is a designated Roth account?

Roth accounts are retirement accounts that provide slightly different tax benefits than traditional retirement accounts. Roth 401k and Roth 403b retirement accounts are only offered by employers, w... Read More »