Replies to post #798946 on NorthWest Biotherapeutics Inc (NWBO)

[KevGee59]

A rollover...as you put it...from a traditional IRA to a Roth is called a Roth Conversion. Which is taxed at the amount when converted...and is subject to a 5 year wait period before you can use it...or the gains from it. Or else there are penalties.

It's a pretty easy Google.

[TheFollower]

Oh, in that case, if you qualify, you can rollover, pay the taxes and hold for 5 years from the 1st of this year. Your year 1 would almost be over, so you have to wait before withdrawing for only about another 4 years and 1 month.

[TheFollower]

Here's some info: https://www.fidelity.com/learning-center/personal-finance/retirement/roth-ira-5-year-rule
I've done 4 of them over the years. Personally, I found it best to open an individual Roth IRA for each one. 3 of them are now finished with the 5 year rule.
If they were all in one, I would imagine Fidelity would be responsible for separating somehow in the one Roth. This way, when I withdraw, I know exactly where I can and cannot withdraw from.