Answered: With a Roth IRA, when can you withdraw…

With a Roth IRA, when can you withdraw your principal without having to pay taxes on the withdrawal? Group of answer choices After 1 year. Any time. After 10 years.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 13E

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Concept explainers

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.

Question

With a Roth IRA, when can you withdraw your principal without having to pay taxes on the withdrawal?

Group of answer choices

After 1 year.

Any time.

After 10 years.

After 5 years.

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