AnmarieA
Level 1
‎01-15-2021
05:27 PM
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5 year waiting period apply to avoid an early withdrawal penalty?
3 Replies 3
sjrcpa
Level 15
‎01-15-2021
06:23 PM
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Yes, but the penalty only applies to the earnings.
ex-AllStar
AnmarieA
Level 1
‎01-19-2021
10:41 PM
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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?
sjrcpa
Level 15
‎01-20-2021
09:11 AM
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Correct.
ex-AllStar