He was booked at 2:50 AM and is about to be released at the time of this post. We're told during the time he was held jailers administered a medical screening.. Dallas and his ex-wife, Sarah Davidson, are both stars on the reality show, Private Lives of Nashville Wives..
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.
Traditional IRAs are required to begin taking distributions (RMDs) at age 70 Â½. And as you draw down a Traditional IRA, you are required to pay taxes on it. With a Roth IRA, there are no required distributions and all the distributions you do take are tax-free. That means you can leave your money in a Roth IRA and allow it to grow and be passed along to your heirs.