1 Based on 2016 tax year.
2 Withdrawals of earnings not meeting any of these criteria are taxed as ordinary income.
The subject matter in this communication is provided with the understanding that The Principal® is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
Non-qualified withdrawals from Roth IRA prior to age 59 ½ may result in IRS early-withdrawal penalties and ordinary income tax on any potential earnings.
Financial professionals at 800-243-4380 are sales representatives for the members of the Principal Financial Group. They do not represent, offer or compare products and services of other financial services organizations.
While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that the member companies of The Principal® are not rendering legal, accounting, or tax advice. It is not a marketed opinion and my not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.