For no tax or penalty to apply on distributions of Roth IRA funds, two things need to happen.
- The Roth IRA holder must be over the age of 59 1/2, AND
- The Roth IRA account must have been opened for at least 5 years.For more information on the self-directed Roth IRA LLC, please contact a Roth IRA expert at 800-472-0646.