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

Level 1
5 year waiting period apply to avoid an early withdrawal penalty?
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0 Cheers
3 Replies 3
Level 15

Yes, but the penalty only applies to the earnings.


ex-AllStar
Level 1

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
Level 15

Correct.


ex-AllStar