2007-01-14 05:59:10 · 4 answers · asked by JC 2 in Business & Finance ➔ Investing
none. There will be a holding period on your contributions, which may last 30 days or so. After age 60, the early withdrawal rule does not apply.
2007-01-16 16:44:37 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You have to be in a Roth IRA for five years before you can withdraw, not matter what your age.
If you have been in one for five years, you can withdraw without penalty. If not, you would pay tax on the withdrawal plus a 10% penalty.
2007-01-14 06:03:41 · answer #2 · answered by jbowler 3 · 0⤊ 0⤋
A little late to be investing in a Roth, isn't it? The real benefit of investing in a Roth can only be realized if you invest in it when you've still got a considerable amount of time before retirement.
2007-01-14 09:54:56 · answer #3 · answered by Always Right 7 · 0⤊ 0⤋
After age 59 and a half, there are no penalties.
2007-01-14 10:47:29 · answer #4 · answered by Big R 6 · 0⤊ 0⤋