Am I required to withdraw my money from my Roth IRA at some point?
Simply.
NO! Unlike the 70½ required minimum distribution with a Traditional IRA,you can keep your money in a Roth IRAforever.
Extended.
There are no required minimum distributions with Roth IRAs. You decide when, if, and how much money to withdraw at
any point in time. You can even leave the account open as part of your estate.
Examples
No Required Minimum Distribution.
Bill, 70, owns both a Traditional IRA and a Roth IRA. He opened his Traditional IRA in 1974 and rather than convert the tax-deferred account into a tax-exempt account, he opened a Roth IRA and stopped contributing to the Traditional IRA. Now, he maintains two accounts. Each account has the same value. However, each year, Bill must withdraw funds from the Traditional IRA or face an excise tax. His Roth IRA account status is unchanged.
RetireSimply Guide to Roth IRA
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RetireSimply Guide to Roth IRA
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Preparing for the Long(er) Haul
Making Structural Adjustments on an Individual Scale
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If you converted or rolled over amounts to your Roth IRAs in 2010 and did not elect to include the entire amount in income in 2010, you must include part of the amount in income in 2011.
RetireSimply Guide to Roth IRA
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