Does Roth IRA Distributions Affect Social Security?

Comments

2 responses to “Does Roth IRA Distributions Affect Social Security?”

1. 

   December 28, 2014

   Jim Winkler

   That is a great question! If you’ve had your Roth for more than 5 years, and are over 59 1/2, the income from your Roth is non-taxable. As a result of that benefit, the money that you receive from it does not count as income for your Social Security calculations. Because your contributions were made post-tax into your Roth, you’ve already paid the taxes on the money that went into it, and there are no income taxes due either. Thanks for asking!
2. 

   December 26, 2014

   David Pipes

   When you take a distribution from a Roth IRA there isn’t any income tax due if the plan has been in effect for more than five years and you have met one of several criteria, the chief being reaching age 59.5. If you are drawing social security odds are that you have met that criterion. Your Roth IRA distribution shouldn’t affect your social security at all.