Is Growth On Roth IRA Taxable?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The growth on an IRA, any IRA is not taxable during the accumulation period.  If proceeds are taken from the plan following age 59.5, the earnings on the Roth IRA plan are not taxable, nor is the distribution of the money invested in the plan taxable.  If you have a conventional IRA, the entire amount withdrawn after age 59.5 is taxable.  Withdrawal prior to 59.5 can incur a tax penalty.
    Answered on July 8, 2014
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