Sorry, I meant if I stop working at age 56 and decide to withdraw my money from traditional IRA at age 60. Those four years I do not have income so no W-2. Then I am not subject to penalty and not subject to income tax?
Then if this is the case, why do people contribute to a Roth IRA when they can withdraw from their traditional IRA during a year that they do not have income, thus no income taxes?
