Daniela retired at the age of 65. the current balance in her roth ira is $200,000. daniela established the roth ira 10 years ago. through a rollover and annual contributions daniela has contributed $80,000 to her account. if daniela receives a $50,000 distribution from the roth ira, what amount of the distribution is taxable?

The correct answer to the following question is $0.

Explanation:

A Roth IRA can be said as a kind of individual retirement plan ( which is a qualified retirement plan ), which accrues gain tax exempt but uses after tax dollars to provide fund. Here the contribution are not deductible, but an option of tax saver's credit , which can range from 10% to 50% of contribution , which depends upon the person's income and life situations. As of 2019 , any individual can make an annual contribution up to $6000, in to his or her Roth IRA.

answer; break-even analysis;