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.
Your Roth IRA withdrawal will be tax-free if: 1  You withdraw just the amount of your original contributions, regardless of your age. 2  You are age 59 Â½ or older and have had your Roth for five years or longer (as measured from the first of the year for which you first established and contributed to your Roth).