A 48 -year-old small-business owner contributes $⁢3,000 annually to a Roth IRA. They decide to withdraw $⁢1,500 for an emergency expense. The Roth IRA has been held for 6 years.
Answer
Fill in Dropdown Answer:
no taxes or penalties

Question

A 48 -year-old small-business owner contributes $⁢3,000 annually to a Roth IRA. They decide to withdraw $⁢1,500 for an emergency expense. The Roth IRA has been held for 6 years.

Revolt · Accepted Answer

[Dropdown 1] no taxes or penalties; no taxes or penalties

Pretest

A 48 -year-old small-business owner contributes $⁢3,000 annually to a Roth IRA. They decide to withdraw $⁢1,500 for an emergency expense. The Roth IRA has been held for 6 years.

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