Will Your Retirement Savings Last Until You're 90 Years Old? - 402
Your Money, Your Wealth
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The Five Year Clock on Roth IRA Contributions
The growth is the part that you can't have for five years when it comes to contributions, right? It comes to contributions in the five year clock starts with the first dollar that hits the first Roth. If you have 100 Ross, it's counted as one. That's the aggregation rule. You don't need 100 Ross, the first one, you got six of them. It's just like you have one. So conversions have a different five year clock. The conversion is each conversion that you make if you're under 59 and a half,. Each conversion would have its own five year clock on the conversion amount.
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