Roth IRA Basics – distribution basics

Your account is composed of: 1. Contributions, 2. Earnings. Contributions to a Roth IRA can be distributed to the creator any time.
Earningswithout owing taxes or penalties:
  1. you have to be at least 59½ years old
  2. and the account has to be five years old.
  3. even if you’re already 59½, you have to have established and held the Roth for at least five tax years. That is basically the 5-year rule for Roths.
The 5-year rule only limits when you can withdraw your earnings from your Roth IRA. That means the interest, dividends, capital gains, and any other income your Roth investments have accumulated. Contributions are not limited – these were after-tax already, ie: there was no deduction when you deposited them.
Anibal Group retiree assistance NEED ASSISTANCE? Other helpful links: Calendar / RatesGet a ‘YourSpace’ Portal Now, more than ever, we are looking at your larger picture, considering ‘all the pieces’ to the tax/ net worth puzzle.

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Series: Virtual Appointments & document posting for remote Annual Review

DOCUMENTS MUST BE RECEIVED MIN. 48 HRS PRIOR TO ‘APPOINTMENT’.

DOCUMENTS CAN NOT BE ACCEPTED VIA OUR PUBLISHED EMAIL OR BY EXISTING CLIENTS DUE TO SECURITY AND SPACE LIMITATIONS.

For Virtual Appointments:

  1. Upload your docs. to portal min. 48 hrs ahead of any discussion or expected feedback.
  2. we’ll complete your work
  3. for download n/ pay online.
  4. AFTER you review the packet, if you need to connect, request a link.

Via phone, Zoom, TeamViewer, Google Meeting, etc available.

  • FOR BEST RATE – CREATE: 1 (only) pdf packet,
    • clear/ crisp scans,
    • not ‘keystone’ but captured using device that is parallel to doc’s
    • readable format: horizontal, not rotated or inverted from page to page.
    • Check readability before forwarding to us.
    • multi-files and manipulation subject to hourly additional

Existing clients, please post doc’s to YourSpace247 (use YourSpace email in the RH Sidebar) & update YourNOTEBOOK if I created a new unpopulated spreadsheet tab for you.

    • Check your post to make sure it is there AND readable.

PHOTOS/ MULTI PDF’s/ etc. : you may also email your jpg or pdf docs to a secure email address….NOT our published email. Text photos is available for a modest processing fee – NOT to our published phone #, request unpublished secure ph#.

  • Scan or use Camscanner app.
    • No scanner or smart phone?, UPS/ FedEx, & office supply stores assist you.

Advice & planning is worthless after the fact. Review your strategies and go forward. Later, the complexity and expense – financial and emotional – will grow exponentially!

Don’t know where to start? Do the clerical work. Don’t know where that starts? Contact me for assistance.

Our approach will be looking at the bigger picture. You can also begin by sharing you’re thoughts, dreams, needs, goals, and comfort parameters.


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Year-end tip(s):  Update your Assets spreadsheet. Keep a draft of your Trust/ Will documents on a google drive format for easy sharing with your insurance/ legal/ and tax counselors.