In this 5-minute video, Mike discusses the requirements for taking a "qualified" (income tax and penalty free) distribution from a Roth IRA. Two key requirements must be satisfied for a distribution to be qualified. Mike explains the nuances of those two requirements as well a few important CFP® Exam points.
The Boston Institute of Finance’s Mini Bite video series aims to tackle key financial planning topics that are both important in practice and testable on CFP® Board’s certification exam.
Find more helpful videos on The Boston Institute of Finance's YouTube page.