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.
Tax-free Withdrawals: Roth IRAs Only. When you invest using a Roth IRA, you deposit the money after it has already been taxed. When you withdraw the money in retirement you pay no tax on the money you withdraw, or on any gains you made on your investments â a significant benefit. To take advantage of this tax-free withdrawal, the money must have been deposited in the IRA for at least five years and you must be at least 59Â½.