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A participant who is at least age 59 1/2 can make a tax-free qualified withdrawal from a Roth IRA after a five-year holding period.

A) True
B) False

1 Answer

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Final answer:

A participant who is at least age 59 1/2 can make a tax-free qualified withdrawal from a Roth IRA after a five-year holding period.

Step-by-step explanation:

A) True



A participant who is at least age 59 1/2 can make a tax-free qualified withdrawal from a Roth IRA after a five-year holding period. This means that if someone opens a Roth IRA and holds it for at least five years and is at least 59 1/2 years old, they can withdraw money from the account without paying taxes on it.

User Yaron Tausky
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