Whenever you take a Roth IRA distribution, your contributions always come out first, followed by your Roth IRA conversions, if any, in order from the oldest to the most recent. Earnings come out last.

While you can avoid taxes with smart asset selection – like tax-exempt municipal bond funds or closed-end funds (CEFs) that ...

Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, ...

The IRS views withdrawals from a Roth IRA in the following order: your contributions, money converted from traditional IRAs and then earnings. So if you take out more than you've contributed in ...

If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change ...

You can take out contributions at any age tax-free, but earnings on those contributions can come out tax-free at age 59½ if the Roth IRA has been open for at least five years — part of a few ...

Though the feds allow you to withdraw contributions from a Roth IRA without incurring ... In addition, money you take out of an IRA cannot be replaced, since you would still be restricted to ...

Check out the top Roth IRA account picks, compiled by our experts, to find the best option for your retirement fund.

This means you can take out funds later without worrying about the tax bill, provided you meet the requirements. Roth IRA owners are often allowed to take tax-free distributions in retirement and ...

So, a 71-year-old who makes her first contribution of $7,000 to a Roth IRA can take out up to $7,000 at any time without paying taxes. The earnings on this account will become tax-free after five ...

“If your first contribution to a Roth IRA was at age 58, you still cannot take out all of your funds after 59 1/2 because you will not have satisfied the five-year rule,” Steele says. In this ...

You can cut through the confusion of whether a Roth IRA or Traditional IRA will be your best bet by asking yourself six ...