Miss16Junior
Answered

Which is a feature of a Roth IRA?



You must pay tax if you withdraw your earnings once you're 59.5 years old.

You can withdraw your earnings once you're 59.5 years old but must pay a penalty.

You can withdraw your earnings once you're 59.5 years old without paying a penalty.

Verified Answer :

Hagrid

The right answer for the question that is being asked and shown above is that: "You can withdraw your earnings once you're 59.5 years old without paying a penalty."  a feature of a Roth IRA is that You can withdraw your earnings once you're 59.5 years old without paying a penalty.

The correct answer is:

You can withdraw your earnings once you're 59.5 years old without paying a penalty.

Explanation:

As long as you have had the Roth account for at least 5 years, you may withdraw your money at age 59.5 penalty free.

If you are not 59.5, you must meet other specific criteria, such as using the money to purchase a home, or leave it in your estate.

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