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Roth IRA Rules: Withdrawal, Early Withdrawal Penalty, and Distribution Guidelines

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Do you have a Roth IRA and/or Traditional IRA? Do you even know the differences?For What's That Wednesday, let’s cover it!A Roth IRA and Traditional IRA are excellent retirement accounts offering various investment options. However, key differences can help determine which one suits your needs.Roth IRA:-After-Tax Contributions: You contribute with after-tax dollars.-Best For: Individuals expecting to be in a higher tax bracket during retirement.-Tax Benefits: Contributions grow tax-free, but the

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Follow @calltoleap for more money videos.🤓 Don’t take out money from your Roth IRA before 59 1/2 because you’re going to get penalized, right?🤨 No, there are ways around this that wealthy people know: 1. You can withdraw up to $10,000 to pay for your first home. 2. You can withdraw money for birth or adoption expenses, if you become disabled or die, and qualified medical expenses or health insurance only if you’re unemployed. 3. In order to do all this, your Roth IRA must be at least 5 years o

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