withdrawing funds from our retirment

[Steve54Deb56]

Sorry, in the previous question, I forgot to mention that our retirement funds are in Roth IRA's.  Does that make a difference, since the taxes were paid prior to investing?

[dev145 · Accepted solution]

Yes, it does make a difference. Money into ROTH IRA is after tax money that means you will not pay taxes when you withdraw from the account during retirement. You will still get a 1099-R and report it on tax return but it will not be a taxable income. 

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