Which is a feature of a Roth IRA?
A) You must pay tax if you withdraw your earnings once you're 59.5 years old.
B) You can withdraw your earnings once you're 59.5 years old but must pay a penalty.
C) You can withdraw your earnings once you're 59.5 years old without paying a penalty

Question

07-02-2021
Mathematics

Answered

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Which is a feature of a Roth IRA?
A) You must pay tax if you withdraw your earnings once you're 59.5 years old.
B) You can withdraw your earnings once you're 59.5 years old but must pay a penalty.
C) You can withdraw your earnings once you're 59.5 years old without paying a penalty

Sagot :

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everbenz1978 everbenz1978 · Answer 1 · 2021-02-07T11:56:29-05:00

everbenz1978 everbenz1978

07-02-2021

Answer:

With a Roth IRA, you can withdraw your contributions at any time without having to pay additional income taxes — because it was after-tax already — and you avoid the 10 percent early withdrawal penalty on the withdrawals

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Which is a feature of a Roth IRA? A) You must pay tax if you withdraw your earnings once you're 59.5 years old. B) You can withdraw your earnings once you're 59.5 years old but must pay a penalty. C) You can withdraw your earnings once you're 59.5 years old without paying a penalty

Sagot :

Other Questions

Which is a feature of a Roth IRA?
A) You must pay tax if you withdraw your earnings once you're 59.5 years old.
B) You can withdraw your earnings once you're 59.5 years old but must pay a penalty.
C) You can withdraw your earnings once you're 59.5 years old without paying a penalty