| Early distributions of earnings for these reasons are considered qualified: not subject to taxes or the 10% penalty | Early distributions of earnings for these reasons are considered exceptions: taxable as income, but not subject to the 10% penalty |
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| You've held a Roth IRA for at least five years AND you are taking the distribution in one of the following circumstances: • You're age 59 1/2 or older • You're permanently and totally disabled • As a beneficiary of the Roth IRA after death of the account owner • To use up to $10,000 for a first-time home purchase |
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