select the correct answer. which is a feature of a roth ira? a. you must pay tax if you withdraw your…

select the correct answer. which is a feature of a roth ira? a. you must pay tax if you withdraw your earnings once youre 59.5 years old. b. you can withdraw your earnings once youre 59.5 old but must pay a penalty. c. you can withdraw your earnings once youre 59.5 old without paying a penalty.

select the correct answer. which is a feature of a roth ira? a. you must pay tax if you withdraw your earnings once youre 59.5 years old. b. you can withdraw your earnings once youre 59.5 old but must pay a penalty. c. you can withdraw your earnings once youre 59.5 old without paying a penalty.

Answer

Brief Explanations:

A Roth IRA allows tax - free and penalty - free withdrawals of earnings once the account holder is 59.5 years old and the account has been open for at least 5 years. Options A and B are incorrect as they suggest paying tax or penalty under normal circumstances at age 59.5.

Answer:

C. You can withdraw your earnings once you're 59.5 old without paying a penalty.