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Hello fellow Fools,

My 67 year-old mother is considering starting a Roth IRA. Which rule hold for qualified distributions in her case: the 5 years in rule, or the age >59.5 rule?

I.e., if she contributes this year, must she wait 5 years to withdraw in order to avoid paying taxes on the earnings? Or, since she's already over age 59.5, can she withdraw penalty-free at any time no matter how short or long the contributions have been in the Roth?

I read IRS Pub. 8606 but was still unsure of the answer.

Thanks very much,

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