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    With an inherited Roth IRA do you have a year waiting period to withdraw from the account?

    AnmarieA
    Level 3
    5 year waiting period apply to avoid an early withdrawal penalty?
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    3 Comments 3
    sjrcpa
    Level 15

    Yes, but the penalty only applies to the earnings.


    Ex-AllStar
    AnmarieA
    Level 3

    The 5 year is based on from the date the Roth Account was "originally opened" as if you rollover a traditional IRA into an existing Roth account their should be no penalty if the Roth account from inception was held for at least 5 years correct?

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    sjrcpa
    Level 15

    Correct.


    Ex-AllStar