A Baby Boomer Retirement Quiz You Can’t Afford To Fail

Which Statement Is True About Roth IRA Distributions?

Retry Correct Incorrect Roth IRA contributions are post-tax. You pay taxes on your income today, not in the future. This only applies if you maintain the account for at least five years.

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Jeenah Moon / Getty Images

Jeenah Moon / Getty Images

Which Statement Is True About Roth IRA Distributions?

• A Roth IRA maintained for more than five years will provide tax-free distributions
• You can’t withdrawal Roth IRA contributions before 70.5 years old
• Roth IRA distributions incur a 2% transaction fee
• Roth IRA distributions must be taken with equal payments