easy · Certified Financial Planner Tax Planning
A client opened his first Roth IRA in 2022. He is now 62 years old and wants to take a distribution of the earnings from the account in 2026.
Is the distribution of earnings 'qualified'?
- No, because the five-year rule has not been met
- Yes, because Roth IRAs are always tax-free for seniors
- Yes, because the client is over age 59.5
- No, because he is not yet 65
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