For a Less-Taxing Retirement, Use a Roth IRA Investor's Business Daily (02/09/01) No. 3719 p.B5; Korn, Donald J.
There are significant benefits for taxpayers who plan for
their retirement with Roth IRAs instead of regular individual retirement
accounts. Although there are striking similarities between Roth IRAs
and individual retirement accounts, money withdrawn from Roth IRAs is
not taxed. Under current guidelines, earnings in a Roth IRA can be
withdrawn tax-free after a five-year holding period if any of the
following criteria is met: the person is at least 59.5 years old,
distributions are due to death or disability, or the person is a
first-time home buyer.