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Ask The Expert: Withdrawals

Q: Is it required to withdraw funds from a Roth IRA when one reaches 71?
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A:

No, minimum distributions rules (RMDs) do not apply to the Roth IRA.  You won't have to withdraw money at age 70 1/2.  That's a big advantage to the Roth IRA-your Roth IRA can continue to grow tax-free!  However, your Traditional IRA or employer plans are generally subject to Required Minimum Distributions at age 70 1/2.

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