North Carolina Income Tax Videos. From paying a ridiculous amount of our income to taxes to writing contracts and getting c... Kara King Bess of King, King and Associates answers a variety of tax-related questions. In this video we talk about what to expect for Uber tax filing.
You do not have to take any money out of a Roth IRA. Once a Roth account is five years old and you are 59 1/2, Roth withdrawals are not taxable, so there is no reason for the IRS to require distributions.f itâs a traditional IRA, you must start withdrawing a required minimum amount each year starting the year you reach age 70 1/2. Required minimum distributions are also mandatory for Simplified Employee Pension IRAs and Savings Incentive Match Plan for Employee IRAs.
To make qualified distributions from a Roth IRA, you must be at least 59Â½ and it must be at least five years since you first began contributing. And if you converted a regular IRA to a Roth IRA, you can't take out the money penalty-free until at least five years after the conversion.enerally, you may withdraw your contributions to a Roth penalty-free at any time for any reason, as long as you don't withdraw any earnings on your investments (as opposed to the amount you put in) or dollars converted from a traditional IRA before age 59 Â½. In that case, you'll get hit with that same 10% penalty.