A Roth IRA offers you flexibility, and the opportunity to take qualified distributions/withdrawals tax-free in retirement.

For additional information on the taxation of ROTH IRAs please visit

Roth IRAs | Internal Revenue Service

Contributions

How much can I contribute?

Retirement Topics – IRA Contribution Limits | Internal Revenue Service (irs.gov)

Distributions

What is a qualified distribution?

A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements.

It is made after the 5-year period beginning with the first tax year for which a contribution was made to a Roth IRA set up for your benefit.

1. The payment or distribution is:
   • Made on or after the date you reach age 59½,
   • Made because you are disabled (defined earlier),
   • Made to a beneficiary or to your estate after your death, or
   • One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit).

Visit Publication 590-B (2021), Distributions from Individual Retirement Arrangements (IRAs) | Internal Revenue Service (irs.gov) for more information.

Disclosure

MEA Financial Services/Paradigm Equities, Inc. does not give tax or legal advice. The comments regarding the law and tax treatment simply reflect our understanding of current interpretations of such laws. Since laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor regarding these matters as it applies to your particular situation.