Replies to post #179688 on Amarin Corp Plc (AMRN)

[BioChica]

I think after age 59 1/2 to avoid penalty and must not remove funds for at least 5 years.

Let me check again though!

[BioChica]

Nick this is from Vanguard - rules for Roth IRA:

Age requirements

Contribute at any age.

Withdrawal taxes

You won't pay taxes when you withdraw your contributions, and you won't pay federal taxes on your earnings, as long as the five-year aging requirement has been met.

Early-withdrawal penalties

If you make withdrawals before you're 59½, you might have to pay taxes on your earnings plus a 10% additional tax.

Required minimum distributions (RMDs)

RMDs do not apply during your lifetime.

Contribution limits buy age

2018: $5,500, 2019: $6,000 (under age 50)
2018: $6,500, 2019: $7,000 (age 50 or older)

[PSea]

72t distributions can occur at ANY age without irs penalty and independent of the retirement plan type.

[Chemist2]

Hi Nick; You are correct. You just have to have had A Roth account
open for 5 years before withdrawing the gains tax free after age 59-1/2
There is still some confusion about how to deal with multiple Roth accounts
opened over many year(ladder conversions for instance) and I look to
confirm my view stated in 2nd sentence with Tax expert next month.