The general feeling on the Roth IRA is that the money grows tax free. When you are ready to withdraw the money, you do so without paying taxes. While this is true in a number of cases, the reality is far less cut and dry. There are times when you will pay taxes on your Roth IRA withdrawal, and it’s important to understand when those times are.
Because there are a number of interesting benefits related to the Roth IRA, it is little surprise that there are also a few rules that you need to observe in order to avoid taxes. Here are some instances when you will pay taxes on your Roth IRA withdrawal:
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