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Hi guys, Thanks again. I have done some Googling. Since I am over 59.5 years old, and have held the ROTH CD for over 5 years, then me cashing out the Roth CD at the credit union is then a "qualified distribution" and I will not have to pay the 10% penalty. OK. I finally get that.
However, won't it count toward my gross income for this tax year?

If it does not count toward my gross income, then there is really no point in cashing it out and depositing it into my Roth IRA account at Etrade?? I think I am understanding that the income tax was paid when I originally put the money into a ROTH CD - right? So, I can then just cash it out and deposit it to my normal Etrade account?

Forgive me for my denseness. I was just trying to simplify my darn credit union accounts and this is kind of a straggler. My other Roth accounts are in Etrade, so I wanted to get them all in one place. Thanks again for your patience with me.

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