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

AnmarieA
Level 4
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.

The more I know, the more I don't know.
AnmarieA
Level 4

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.

The more I know, the more I don't know.