Suze School: Revisiting The Five Year Rule For Roth Retirement Accounts
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
The Five-Year Rule for Roth Retirement Accounts
There are two different types of Roth retirement accounts. There is a contributory Roth and a converted Roth. And the five-year rule works differently if you have a contributor Roth versus a converted Roth, which means that in retirement or whenever you are over 59 and a half, any money you withdraw from this Roth IRA will be withdrawn tax-free and penalty-free.
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