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 Earnings. To withdraw earnings from a Roth tax-and penalty-free, you must have owned a Roth for at least five years and attained an age of 59 1/2. If you are 59 1/2 but have owned an account for less than five years, you will owe just income tax on the withdrawal.n addition to income tax, traditional IRA owners who withdraw funds before the age of 59 1/2, with few exceptions, must also pay a 10 percent penalty tax. For example, if you are 50 and have a marginal tax rate of 25 percent and you take $20,000 from your IRA, you will owe the IRS $7,000.