When can you withdraw money from a Roth IRA without paying taxes or penalties? In this video, I break down the Roth IRA withdrawal rules in plain English:
• When you can take out contributions
• When earnings are tax-free
• The 5-year rule explained
• The age 59½ rule
• Common mistakes people make
Roth IRAs can be one of the most powerful tax-free income tools in retirement — but only if you understand how the rules work. If you’re 55 or older and wondering: Should I use my Roth now? Should I let it grow? Do Roth conversions make sense? It’s not about guessing — it’s about strategy. If you’d like to schedule a retirement tax strategy conversation, reach out below. Don Lilly III Futurity First Wealth Management Roanoke, Virginia www.donlillyagency.com 540-380-8340 #RothIRA #RetirementPlanning #RothConversion #TaxFreeIncome #RetirementStrategy #PersonalFinance #WealthManagement #Over50Planning
