With which of the following retirement plans will your withdrawals not be subject to taxes if you are over 59 1/2 and have had the account for at least five years?

Question

Quizplus · Accepted Answer

Roth IRA contributions are made with after-tax dollars, meaning you've already paid taxes on the money you put into it. Therefore, when you withdraw the funds in retirement (after age 59 1/2 and having the account for at least five years), the withdrawals are tax-free.

With Which of the Following Retirement Plans Will Your Withdrawals