Helping Diligent Advisors Ensure They're On The Right Planning Path
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Some clients may have unique circumstances that could result in a distribution from a Roth IRA being taxed or penalized. Many of these situations rarely come up, which makes it hard to remember the usual distribution rules from a Roth IRA.
To help make this easier, we have created the “Will A Distribution From My Roth IRA Be Tax and Penalty-Free” flowchart. This flowchart helps to quickly identify circumstances that could have an impact on how a distribution is taxed (and penalized). It considers the following:
Updated for 11/15/2020