Enzolytics Inc (ENZC)

[MrTraderJoe]

I not an accountant either but I believe u have to wait 5 years or be 59 1/2 years old that u can pull it out tax free if they started contributing to it now.

You have to be min. 59 1/2 years old and your account has to be min. 5 years old to withdraw with no penalty. Therefore if you are 58 years old say and you open a Roth IRA today, you will have to wait till end of 2024 to be able to withdraw at age 62. The wait period starts from the beginning of the tax year, so that translates to 2020, 2021, 2022, 2023, 2024 as the wait period.