A Roth IRA owner must be at least what age in order to make tax-free withdrawals

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Multiple Choice

A Roth IRA owner must be at least what age in order to make tax-free withdrawals

Explanation:
Tax-free withdrawals from a Roth IRA require a qualified distribution. A distribution is qualified only when two conditions are met: you are at least 59½, and the account has been open for at least five tax years. The five-year clock starts with the first year you contributed to any Roth IRA. When both requirements are satisfied, the earnings portion can be withdrawn tax-free. (There are exceptions for disability, death, or a first-time home purchase that can allow tax-free withdrawals under different rules, but the standard rule is the combination of age 59½ and a five-year holding period.)

Tax-free withdrawals from a Roth IRA require a qualified distribution. A distribution is qualified only when two conditions are met: you are at least 59½, and the account has been open for at least five tax years. The five-year clock starts with the first year you contributed to any Roth IRA. When both requirements are satisfied, the earnings portion can be withdrawn tax-free. (There are exceptions for disability, death, or a first-time home purchase that can allow tax-free withdrawals under different rules, but the standard rule is the combination of age 59½ and a five-year holding period.)

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