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re: Someone Tell Me About Roth IRAs (New ? on Pg 3)
Posted on 8/31/12 at 10:18 am to CQQ
Posted on 8/31/12 at 10:18 am to CQQ
It would probably be good for someone to explain the differences of withdrawing from a traditional and a roth before retirement age. I'm not 100%, but I think:
Roth - Withdraw before 59.5 tax free (you already paid), paying tax on earnings?
Traditional - Withdrawbefore 59.5, get taxed, 10% penalty on earnings, in addition to being taxed on earnings?
Is that right?
Roth - Withdraw before 59.5 tax free (you already paid), paying tax on earnings?
Traditional - Withdrawbefore 59.5, get taxed, 10% penalty on earnings, in addition to being taxed on earnings?
Is that right?
This post was edited on 8/31/12 at 10:19 am
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