Over the years, the Castle has been home to the Smithsonian Institution Archives and the Woodrow Wilson International Center for Scholars. Today, the Castle houses the Institution's administrative offices and the Smithsonian Information Center.
Withdrawals made after age 59 and 1/2 are normal retirement withdrawals and are not taxed. You paid tax on that income when you first contributed to the Roth IRA. If the withdrawal is made before age 59 and 1/2 and is only up to the amount that has been contributed to the Roth IRA then no income tax is charged. Withdrawals of contributions are tax-free.
ROTH IRA. You'll never pay taxes on withdrawals of your Roth IRA contributions. And you won't pay taxes on withdrawals of your earnings as long as you take them after you've reached age 59Â½ and you've met the 5-year-holding-period requirement.Get details on IRA withdrawals.-year holding period. The 5-year holding period for Roth IRAs starts on the earlier of the date you: 1  First contributed directly to the Roth IRA. 2  Rolled over a Roth 401(k) or Roth 403(b) to the Roth IRA. 3  Converted a traditional IRA to the Roth IRA.