2.99 Acres Kite, Johnson County, GA This unique and historical property is waiting for your touch to make this property whatever you can imagine! It is a historic landmark and school...
Ultimate guide to retirement. Your withdrawals from a Roth IRA are tax free as long as you are 59 Â½ or older and your account is at least five years old. Withdrawals from traditional IRAs are taxed as regular income, based on your tax bracket for the year in which you make the withdrawal.ltimate guide to retirement. Your withdrawals from a Roth IRA are tax free as long as you are 59 Â½ or older and your account is at least five years old. Withdrawals from traditional IRAs are taxed as regular income, based on your tax bracket for the year in which you make the withdrawal.
The tax breaks for a Roth IRA are different. Unlike a contribution to a traditional IRA, a Roth IRA contribution is never deductible. Taking the above example, you'd still be taxed on $30,000, even though you had put the same $5,000 into a Roth IRA.owever, when you withdraw the money from a Roth IRA, none of it -- and that includes the earnings -- will be taxed, assuming that the Roth IRA has been open for at least five tax-years, and that you're older than age 59 1/2. That's right -- you get off scot free with the booty.