Getting started with this tax-smart account
Let's face it: You're probably not going to want to work forever. And when you decide to retire, you'll need some cash to fund whatever it is you want to do next. Many people choose to put their savings in a tax-advantaged account called an IRA. Here's what you need to know.
There are a few kinds of IRAs out there
1. A distribution from a Roth IRA is tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.
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