Understanding the Complex Five-Year Rules of Roth IRAs

This chapter delves into the intricate rules surrounding Roth IRAs, emphasizing the implications of withdrawing funds before a certain age to avoid penalties. It outlines three key situations where the five-year rule applies, discussing contributions, conversions, inherited IRAs, and the differences in rules for contributions and earnings. The importance of starting the five-year clock, benefits for heirs, and advice on tapping into Roth money are also highlighted, concluding with a listener question reward.