Which statement is true regarding IRA distributions?

Question

Quizplus · Accepted Answer

Minimum annual distribution rules apply only to traditional IRAs. Roth IRAs do not have minimum distribution requirements. Distributions from a Roth IRA are tax-free as long as they are qualified distributions, meaning the account has been open for five years and the account owner is over age 59.5, disabled, or using the funds for a qualified first-time home purchase or certain educational expenses. The IRA penalty tax may apply to traditional IRA distributions before age 59.5, but there are some exceptions, such as for certain hardships or medical expenses.

Which Statement Is True Regarding IRA Distributions