qbteachmt
Level 15
03-14-2023
07:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The 5-year rule you are thinking of is not "that" Roth IRA, but having any Roth IRA open. The next 5-year rule has to do with contributions, and then there is one for conversions.
There are a bunch of rules for Roth distribution, including various 5-year rules:
https://www.investopedia.com/are-roth-ira-distributions-taxable-5220750
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers