irs roth ira withdrawal rules
A qualified distribution from a Roth IRA is tax-free and penalty-free, provided that the five-year aging requirement has been satisfied and one of the following conditions is met: 1  Over age 59Â½. 2  Death or disability.3  Qualified first-time home purchase.uick Summary: 1  If you are over 59Â½, you may withdraw as much as you want so long as your Roth IRA has been open for at least 5 years. 2  If you are under 59Â½, you may withdraw the exact amount of your Roth IRA contributions with no penalties.