qbteachmt
Level 15
08-17-2024
11:54 AM
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Try this type of article:
https://smartasset.com/retirement/roth-ira-5-year-rule
There are multiple 5-year rules with Roth IRA.
Having any Roth IRA account, needs to have existed 5 years, even if the one being used is not that old.
Any conversion starts its own 5-year clock.
There are ordering rules with Roth IRA distributions.
https://dev-rlc-public-site.netlify.app/resources/roth-ira-distribution-ordering-rules/
Contributions are always taken first; conversions (if any) are second in order by year of contribution, with converted pre-tax assets taken first and converted after-tax assets taken second. Earnings are considered distributed last.
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