When can I take a distribution out of my Roth IRA?

Distributions may be withdrawn tax free after five years following the initial deposit.

Exceptions are:

  • Account holder is 59½.
  • Money withdrawn is used for the first-time purchase of a principle residence (up to $10,000).
  • Account holder has died or become disabled.

Leave a Reply

Your email address will not be published. Required fields are marked *