You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.
When it comes to IRAs, IRS Publication 590 has all the answers. The short answer to your question is “yes.” In order to make tax-free withdrawal of earnings from your Roth IRA, you have to make what the IRS terms a “qualified distribution.” To do this you generally have to meet the five-year rule and be at least 59 1/2. The good news is that the IRS considers the earnings to be the last part of a withdrawal. So, when you make a withdrawal from a Roth IRA the first thing to come out is regular contributions, next up conversions, and then earnings. Since you’re 59 ½ you would be able to pull out and amount equivalent to your contributions and conversions without any taxes and penalties. However, if you go beyond that before the five-year timeframe, your earnings would be subject to ordinary income tax.