When you created your Roth IRA account, you might have been under the impression that the money you take out of it will always be tax free.
Unfortunately, there are exceptions to this rule that could leave you surprised and frustrated once you receive your tax bill.
Roth IRA distributions can consist of contributions, converted funds, and earnings – or any combination of the three. Depending on the type of asset you’re withdrawing and the timing of when you take it, your distribution could be subject to income tax.
To avoid surprises and unexpected penalties, click here to download “Determining Tax on Roth IRA Distributions in 5 Easy Steps.”
Have additional questions? Contact our office at 703-466-0477.
Securities offered through Triad Advisors, Inc. LLC. Member FINRA/SIPC.
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