It's all yours: with a Roth Ira, you don't have to share any of your nest egg with the IRS. (Roth IRA).(individual retirement accounts)(United States Internal Revenue Service)
Kiplinger's Retirement Planning Guide, September, 2002 by McCormally, Kevin
NEXT YEAR will be a watershed year for the Roth IRA. It will be the first time the real promise of this retirement account will come true, the first time Roth IRA owners will be allowed to withdraw earnings from their accounts absolutely tax-free.
Tax-free payouts will be permitted for those age 59 1/2 and older who opened accounts-or converted a traditional IRA to a Roth-in 1998, the first year the new accounts were available.
What's so special about 2003? It's the earliest a Roth owner can pass the five-year test that's required for earnings to be tax-free.
You pass that threshold four calendar years after the year you opened or converted to a Roth. If you started the countdown in 1998, it ends at the end of this year.
As tax-free...
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