Question

In which scenario can the individual withdraw earnings tax-free from a roth ira as part of a qualifying distribution? a.) forty-year-old rahul wants to withdraw money to pay for his son's education. b.) ruth, who is 35 years old, needs $8,000 to buy her first home. c.) magda, who is thirty opened a roth ira 3 years ago, needs the money for health expenses. d.) leslie, who is 57, wants to invest the money in a new business venture.

Answer 1

Step-by-step explanation:

A qualifying distribution is a dispersal from a Roth IRA after an account holder is 59 ½ years of age or older, disabled, or uses the funds to purchase a first home (up to $10,000). Also, the Roth IRA account should have been open for at least 5 years.