Jimmy establishes a Roth IRA at age 47 and contributes $89,600 over 18 years. The account is now worth $162,000. Assume that Jimmy meets the income limitation at the time of the contributions. How much of these funds may Jimmy withdraw tax-free? 112,000 X Feedback Check My Work Introduced by Congress to encourage individual savings, a Roth IRA is a nondeductible alternative to the traditional deductible IRA. Earnings inside a Roth IRA are not taxable and all qualified distributions from a Roth IRA are tax-free.