Comments on: Roth IRA 101 http://christianpf.com/roth-ira-101/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bob http://christianpf.com/roth-ira-101/comment-page-1/#comment-172984 Bob Tue, 14 Feb 2012 16:13:51 +0000 http://christianpf.com/roth-ira-101/#comment-172984 ROTH IRA - if one is over 59-1/2 AND makes a contribution to a ROTH, does the rule apply that requires BOTH reaching age 59-1/2 AND 5 years in the plan to withdraw GROWTH without penalty on profits? If that is the case, what is the penalty? If one withdraws growth within 5 years then AFTER 5 years, is there any penalty for withdrawing that growth for year 6 and beyond? Thanks!! ROTH IRA – if one is over 59-1/2 AND makes a contribution to a ROTH, does the rule apply that requires BOTH reaching age 59-1/2 AND 5 years in the plan to withdraw GROWTH without penalty on profits?

If that is the case, what is the penalty?

If one withdraws growth within 5 years then AFTER 5 years, is there any penalty for withdrawing that growth for year 6 and beyond?

Thanks!!

]]> By: Convert IRA to Roth in 2010? http://christianpf.com/roth-ira-101/comment-page-1/#comment-62341 Convert IRA to Roth in 2010? Tue, 24 Aug 2010 22:19:56 +0000 http://christianpf.com/roth-ira-101/#comment-62341 [...] few additional estate planning points: If you name your spouse as the beneficiary of your Roth IRA, your spouse can treat the inherited IRA as his or her own after you die and forego withdrawals. [...] [...] few additional estate planning points: If you name your spouse as the beneficiary of your Roth IRA, your spouse can treat the inherited IRA as his or her own after you die and forego withdrawals. [...]

]]> By: Bob http://christianpf.com/roth-ira-101/comment-page-1/#comment-19574 Bob Fri, 08 Jan 2010 04:50:04 +0000 http://christianpf.com/roth-ira-101/#comment-19574 Andrew I wrote a little bit about some Roth providers in <a href="http://www.christianpf.com/what-is-an-ira-account/" rel="nofollow">this article</a>... One of the ones I mention is Sharebuilder who I have a roth with and they have a very low minimum - I think it is still $100... Andrew I wrote a little bit about some Roth providers in this article… One of the ones I mention is Sharebuilder who I have a roth with and they have a very low minimum – I think it is still $100…

]]> By: Andrew @ Earn Give Save http://christianpf.com/roth-ira-101/comment-page-1/#comment-19569 Andrew @ Earn Give Save Fri, 08 Jan 2010 01:19:53 +0000 http://christianpf.com/roth-ira-101/#comment-19569 I'm shopping for a Roth IRA provider right now, but most seem to have higher investment amounts than I'm looking to spend. Do you have any favorites? I’m shopping for a Roth IRA provider right now, but most seem to have higher investment amounts than I’m looking to spend. Do you have any favorites?

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