Kimberly opened a Roth IRA on november 23, 2016. She has made regular deposits and would...
Kimberly opened a Roth IRA on november 23, 2016. She has made regular deposits and would like to know the earliest date she can withdraw some of her money in a qualified distribution. Her birth date is Sept 17, 1961.
Homework Answers
Answer
You can withdraw your earnings without owing taxes or penalties if: You're at least 59 ½ years old, and. It's been at least five years since you first contributed to any Roth IRA.
Birth Date Sept 17, 1961
When you will be 59.50 year old = Mar 17, 2021
or
5 year from starting of investment will be = Nov 22, 2021
Whichever is earlier.
You can withdraw in Mar 17 2021.
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Kimberly opened a Roth IRA on november 23, 2016. She has made
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