The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Roth investing/withdrawing at 60 Date:  3/14/2012  11:57 PM
Author:  SLONomad Number:  70350 of 88786

I am over 59 1/2 and I have a Roth that has been open and funded for over 5 years. My income level allows me to contribute the full $6K per year. It seems to me that I should be maxing out my Roth contribution each year as every penny I make on Roth investments is tax free, correct? And there is also no limit on how much I can withdraw or when I withdraw. So, for example, I could have a dividend paying investment in my Roth that pays me quarterly, tax free, and I can withdraw those dividends for my use, also with no tax consequences or penalties. Am I correct?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us