Help Save & Exit Subm Saved aron retired at the age of 63. The current balance in his Roth IRA is $140,000....

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Help Save & Exit Subm Saved aron retired at the age of 63. The current balance in his Roth IRA is $140,000. Aaron established

Course Wrap-up Identify at least (2) concepts that were reviewed in this course (ACC.307) that were the most beneficial to y

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Answer 1

Answer #1

Option A $0

Distribution from ROTH IRA is free from tax when this is established atleat five years before any amount is withdrawan. In this case Roth IRA was established 8 years ago and Aaron was also 63 (more than 59.5 of age) hence $60000 is not taxable.

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Answer 2

Help Save & Exit Subm Saved aron retired at the age of 63. The current balance in his Roth IRA is $140,000....

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