Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of $62,180. She would like to buy a new car and is considering using the funds from her Roth IRA. If she withdraws $20,000 from her account, she will

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Since Stephanie's Roth IRA has been established for more than five years and she is over 59 1/2 years old, withdrawals are tax-free and penalty-free.

Stephanie Is 60 Years Old and Is in the 30