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PatentGuy1

06/16/20 8:59 PM

#193449 RE: Almosthere #193423

If you already have a Roth, the 5 year rule for all your Roth’s start from when you opened your first one.



Wrong. That is not true for conversions.

“Each conversion has its own five-year period. For instance, if you converted your traditional IRA to a Roth IRA in 2018, the five-year period for those converted assets began Jan. 1, 2018.”
https://www.investopedia.com/ask/answers/05/waitingperiodroth.asp