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Andhravodu
Pilla Bewarse
Username: Andhravodu

Post Number: 644
Registered: 04-2017
Posted From: 69.62.241.11

Rating: N/A
Votes: 0

Posted on Saturday, February 03, 2018 - 8:46 pm:   
Ntr_rocks:

If we take momey before 59.5 years, 10% tax

Slight correction, 10% penalty, not tax. Money in Roth IRA is post-tax, you will not pay taxes when you with-draw

Ntr_rocks:

After that 0 Tax and no reporting yearly for taxes

not sure on yearly reporting part. Confirmed money will not be added to your AGI (Annual gross income) per current rules. So, worst case you report that you got the money, but it'll not add to your taxable income

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