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Roth IRA Rules: Everything You Need to Know

What are you allowed to do with your account?

By Motley Fool Retirement Team – Updated Nov 2, 2024 at 11:37AM

Key Points

  • Roth IRA contribution limits for 2024 and 2025 are $7,000, with an extra $1,000 for those 50+.
  • Withdrawals from a Roth IRA are tax-free if you meet the five-year rule and you're at least 59 1/2.
  • Roth IRAs don't have required minimum distributions (RMDs) during the original accountholder's lifetime.
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