AnmarieA
Level 4
5 year waiting period apply to avoid an early withdrawal penalty?
0 Cheers
sjrcpa
Level 15

Yes, but the penalty only applies to the earnings.


Ex-AllStar
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?

0 Cheers
sjrcpa
Level 15

Correct.


Ex-AllStar