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What is a Roth qualified distribution?
What is a Roth qualified distribution?
Updated over a week ago

In addition to being over the age of 59 ½, Roth accounts have the added requirement of being open for at least five years to avoid taxes and a penalty on distributions, regardless of age. The five-year clock starts on January 1 of the year in which you made your first Roth contribution. There may be exceptions to this rule; please visit the IRS website or consult a tax advisor for further information.

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