Airports, heliports and other landing facilities located in Stockton: 1  Stockton Metropolitan Airport (Runways: 3, Commercial Ops: 450, Air Taxi Ops: 686, Itinerant Ops: 39,785, Local Ops: 17,409, Military Ops: 2,996).
ROTH IRA. There are no penalties on withdrawals of Roth IRA contributions. But there's a 10% federal penalty tax on withdrawals of earnings. Exceptions to the penalty tax. TRADITIONAL IRA. With a traditional IRA, there's a 10% federal penalty tax on withdrawals of both contributions and earnings.
This is opposite of what happens with a Roth IRA. (Compare Roth IRAs and Traditional IRAs .). The IRS has always allowed certain individuals to convert their Traditional IRAs to Roth IRAs as long as they met specific qualifications and paid income tax on the conversion.