Tax Deferred Accounts - The Pros and Cons

There's a few qualifying conditions you need to meet for all your distributions to eventually be tax and penalty free. The two most common are, your first wroth account was funded at least five years ago, and you are at least 59 and a half. Once those two things are met all dollars. All money you take out of your roth account will be taxd and penalty free - including the earnings thereon.