Posted By: BLUERIBBONS
Roth IRA question - 03/16/23 01:38 PM
I turned 59 today! My question is on taking distributions penalty and tax free? I know you have to be 59 1/2 years old and the account must be at least five years old.
Does that mean from when the account was opened or from when deposits were made? For example can I deposit more money into the Roth account now and be able to remove when I turn 59 1/2?
Thanks
Does that mean from when the account was opened or from when deposits were made? For example can I deposit more money into the Roth account now and be able to remove when I turn 59 1/2?
Thanks