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 Opening a Roth IRA
You will always owe income tax on your earnings if the Roth IRA has not been opened for at least five years. You can take out anything that you originally contributed $6,000 in this case without taxes or penalties whatsoever because penalties and taxes will never apply to your original contributions. So the five year rule is not for your contributions. It only applies to earnings.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
