MONEY IN 60 SECONDS

MONEY IN 60 SECONDS CAN YOU WITHDRAW MONEY FROM A ROTH IRA? THE RULES, THE BENEFITS, THE SMART MOVES. GOOD NEWS: Yes, you can! But it depends on WHAT you withdraw and HOW LONG you've had it. 1 YOUR CONTRIBUTIONS ANYTIME You can withdraw your contributions (the money you put in) at any time, for any reason. TAX-FREE & PENALTY-FREE. EXAMPLE: You could take $25,000 today if you need it. No taxes. No penalties. 2 INVESTMENT EARNINGS WITH RULES You can withdraw earnings, but only if: You're 59½ or older AND It's been at least 5 tax years since your first Roth IRA contribution EXAMPLE: Your 5-year clock starts now. July 1, 2023 = Tax-free access to earnings of 59% 3 QUALIFIED WITHDRAWALS TAX-FREE If you meet both requirements (59% and 5 years), earnings withdrawals are completely TAX-FREE! EXAMPLE: At 60 years old, with a Roth IRA open for 5+ years, you can withdraw all earnings tax-free. 5 THE 5-YEAR RULE: THE KEY TO TAX-FREE GROWTH A Roth IRA must be open for at least 5 tax years before you can withdraw earnings tax-free. It's based on your first contribution, not the calendar year. You contributed July 1, 2023. 59% OR OLDER? You're good! Qualified withdrawals are tax-free. THE BOTTOM LINE Roth IRA = Flexibility today. Tax-free = growth tomorrow. Contributions Anytime Earnings With Rules TAX-FREE QUICK REMEMBER Contributions: Anytime, Tax-Free Earnings: 59% + 5 years, Tax-Free Withdrawals: Plan smart, Stay Tax-Free Roth IRA = Peace of mind & freedom PRO TIP: Let your money grow tax-free so your future has more options. BIG GOALS. STRONGER FUTURE. START SMALL. STAY CONSISTENT. CORNERSTONE PROPERTY HOLDINGS LLC SMART CHOICES. BIGGER TOMORROWS.