Investors can take qualified distributions from their Roth IRA accounts after at least 5 years from the date that the account was opened or when the owner has turned age 59 ½. The account owner may have the opportunity to withdrawal funds to complete a first home purchase (up to $10,000), or in the event that they have become disabled. When withdrawals are taken from a Roth IRA under qualifying circumstances, the funds are treated on a tax-free basis.