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Finance → Retirement → Individual Retirement Accounts
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  • Official Know-It-All
    If you have a traditional IRA, all regular distributions are taxable in the year you receive them, with a few exceptions (for example, rollovers). If you have a Roth IRA, qualified distributions are not taxable. However, you may have to pay a 10 percent additional tax on early withdrawals.

    Source:

    IRS.gov: Traditional IRAs

    IRS.gov: Roth IRAs

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