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Retirement tax questions
@dmertz Yes,
I misspoke. My employer began offering a Roth 401-K plan, not a Roth IRA.
This is a broader question. If I have been contributing to a Roth IRA for over 20 years and I'm over 60 yrs old, do I need to keep track of the basis for my Roth accounts? It's my understanding I can pull money out of the Roth and since the oldest account is over 5 yrs old and I'm over 60, distributions ar tax free. I quit keeping track of my basis on the Roth IRAs once I turned 60.
Any thoughts would be appreciated.
‎February 21, 2025
12:09 PM