When Are Roth IRA Earnings Taxable?

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September 30, 2014

David Pipes

There are several types of Roth accounts. The most common is the Roth IRA. This is an individual retirement account that allows you to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free, as long as he plan has been in force for five years. These same tax benefits continue if the Roth plan is left as a legacy.

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