@LemmyKnowsBest to Personal [email protected]English • edit-21 year agoIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?message-square5arrow-up111arrow-down11file-text
arrow-up110arrow-down1message-squareIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?@LemmyKnowsBest to Personal [email protected]English • edit-21 year agomessage-square5file-text
minus-square@[email protected]linkfedilinkEnglish12•1 year agoOverview is here https://www.irs.gov/retirement-plans/roth-iras , but generally 59 and 1/2 is when you can start taking distributions without penalty.
Overview is here https://www.irs.gov/retirement-plans/roth-iras , but generally 59 and 1/2 is when you can start taking distributions without penalty.
59.5 years old. Got it.