Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Can someone explain the Roth, 5-year rule?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I have a Roth IRA that was opened several years ago (15+). I have contributed yearly up to the annual limit including some years as Backdoor Roth. I'm over 60. If I decide to withdraw tomorrow, can I (a) withdraw the entire amount (contribution + income) from this IRA since it was opened over 5 years ago, or (b) do I have to stop contributing, wait for 5 years before I begin withdrawals (5 years after the last contribution), or (c) is it more nuanced wherein, each contribution has its own 5-year clock and I'm allowed to only withdraw amounts that were contributed at least 5 years ago and any recent contribution is off-limits? If this is the case, how do I determine the growth associated with the most recent contributions?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
