No. of Recommendations: 3's the rule for qualified Roth withdrawals:

You must have held a funded Roth IRA for at least 5 years, AND at least one of the following:

1. attained age 59.5
2. Death (this would apply to withdrawals taken by your Roth beneficiaries)
3. Becoming disabled
4. Withdrawing up to $10,000 (lifetime) to purchase a primary residence if you have not owned your own residence for the previous 2 years. This is for you, your spouse or your children.

Note that a 'funded Roth' means a Roth you've directly contributed to, begun with a traditional IRA conversion or rollover from a 401(k/403(b)-Roth, although the time contributions spend in the 401(k)/403(b) Roth do not count towards this 5 year requirement.

The contribution you made in April 2009 and designated to the custodian as your 2008 ncontribution will fully count on 1/1/2013 you will have met the 5 year requirement

Any other Roth distributions will not be qualified, and will come out of the Roth by the following ordering withdrawal rule

1. Direct contributions will be withdrawn first, no tax no peanlty
2. Next will be any TIRA to RIRA conversion that have occured in the past 5 years if you are not yet 59.5. These withdrawals will be subject to a 10% penalty
3. Last will be earnings. These will be subject to inclusion as ordinary income and a 10% early withdrawal penalty

Finally, there are exceptions to the 10% penalty for non-qualified Roth withdrawals if one of the following apply to the withdrawal:
1. For qualified educational expenses for self, spouse or children or grandchildren
2. As part of a series of substantially equal periodic payments per sect. 72(t)
3. Unreimbursed qualifying medical expenses that exceed 7.5% of your AGI
4. To pay medical insurance premiums after being unemployed and collecting unemployment benefits for at least 12 weeks

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