Do I have to pay taxes on my Stash Retire investments?
For Roth IRAs
Generally, you will not pay taxes on money you withdraw from your Roth IRA after the age of 59 ½.
If you choose to withdraw money from your Stash Retire Roth IRA before you are 59 ½, you may be subject to penalties and/or taxes.
For traditional IRAs
Generally, you will not pay taxes on money you are putting into your Traditional IRA. You will owe income taxes on the amount of money you are withdrawing from your account at your ordinary tax rate.
Additionally, the IRS requires you to begin taking Required Minimum Distributions (RMDs) from your account beginning at age 70 ½.
Stash always recommends consulting a tax professional (like an accountant) to get clear information about your specific tax questions and needs. This information is subject to change and should not be considered legal or tax advice. Stash does not provide legal or tax advice.
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