Taxability of income generated in Roth IRA
I am 80 years old and opened a Roth IRA Conversion account in 11/2013. Is the income generated in the Roth
account taxable or tax-free after the 5 year holding period?
I am 80 years old and opened a Roth IRA Conversion account in 11/2013. Is the income generated in the Roth
account taxable or tax-free after the 5 year holding period?
Permalink Submitted by Alan - IRA critic on Mon, 2017-12-25 16:53
Your Roth IRA will be fully qualified on 1/1/2018. That means the entire account including the earnings can be distributed without tax or penalty after the end of this year.