LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · edit-21 year agoIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?message-squaremessage-square1fedilinkarrow-up14arrow-down11file-text
arrow-up13arrow-down1message-squareIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · edit-21 year agomessage-square1fedilinkfile-text
minus-squareaedyr@lemmy.calinkfedilinkEnglisharrow-up3·1 year agoOverview is here https://www.irs.gov/retirement-plans/roth-iras , but generally 59 and 1/2 is when you can start taking distributions without penalty.
Overview is here https://www.irs.gov/retirement-plans/roth-iras , but generally 59 and 1/2 is when you can start taking distributions without penalty.