If a Roth IRA has been in place for more than five years and you have reached age 591/2,or the earnings have been used for qualified educational expenses or first-time homebuyer expenses,earnings are not taxed or penalized at withdrawal.

Question

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This statement is true. If a Roth IRA has been established for more than five years and the individual has reached age 591/2 or the earnings have been used for qualified educational expenses or first-time homebuyer expenses, then the earnings are not subject to taxation or penalties upon withdrawal.

If a Roth IRA Has Been in Place for More