ROTH IRA RULES

Other differences include no mandatory age for distribution of earnings with a Roth IRA, whereas the normal IRA owners must begin withdrawals at 70.5 years of age. The latter also pay a 10% penalty for withdrawal of funds, including the principal, whereas there is no such penalty with a Roth IRA. There are several other differences between the two, most of them coming from the fact that you have the tax paid up-front with the Roth. The IRS has no further call on your money, as they have with the other forms of retirement account... Explains everything you need to know about Roth IRA, including contribution and income limits, taxation, withdrawal, rollover, investments rates and much more.