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.
Roth IRA Eligibility Requirements. 1  You must be 18 years of age or older with earned income (custodians may make a contribution for children 18 and younger to a Roth IRA for Minors). 2  Can continue to make contributions after age 70, as long as you have earned income. You must be 18 years of age or older with earned income (custodians may make a contribution for children 18 and younger to a Roth IRA for Minors). 2  Can continue to make contributions after age 70, as long as you have earned income. 3  You must have Modified Adjusted Gross Income (MAGI) under certain thresholds: