Over the years, the Castle has been home to the Smithsonian Institution Archives and the Woodrow Wilson International Center for Scholars. Today, the Castle houses the Institution's administrative offices and the Smithsonian Information Center.
Withdrawals made after age 59 and 1/2 are normal retirement withdrawals and are not taxed. You paid tax on that income when you first contributed to the Roth IRA. If the withdrawal is made before age 59 and 1/2 and is only up to the amount that has been contributed to the Roth IRA then no income tax is charged. Withdrawals of contributions are tax-free.
Thatâs because it determines whether the tax rate you pay on your Roth IRA contributions (todayâs tax rate) is higher or lower than what youâd pay on your traditional IRAâs withdrawals in retirement. Of course, itâs hard to predict what federal and state tax rates will be 10, 20 or even 40 years from now.hatâs because it determines whether the tax rate you pay on your Roth IRA contributions (todayâs tax rate) is higher or lower than what youâd pay on your traditional IRAâs withdrawals in retirement. Of course, itâs hard to predict what federal and state tax rates will be 10, 20 or even 40 years from now.