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1) Traditional IRA and Roth IRA are dictated by different rules. Roth is always better and favorable. you can withdraw money from roth that you have contributed ANYTIME without penalty or tax.
2) that's correct. You are not paying any taxes on your EARNINGS if you withdraw after you are 59.5 years old.
these yearly 5 to 6 k looks very small but over long term by the time u can withdraw earnings, I can easily see it being a million dollar portfolio with zero tax liability.
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