Suze School: Clearing Up The Roth 5 Year Rule
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Understanding the Roth 5 Year Rule
This chapter delves into the Roth 5 Year Rule and its implications for different scenarios, including an example of someone over 59 and a half who has recently funded their Roth IRA for the first time. It explains that if the account has been open for at least five years, money can be withdrawn tax-free, but if the account hasn't reached the five-year mark, ordinary income tax would be owed on the account's growth.
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