Will Your Retirement Savings Last Until You're 90 Years Old? - 402
Your Money, Your Wealth
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The Five Year Clock for Roth IRA Contributions
There's a five year clock in regards to Roth IRA contributions. So if you do a conversion at 59, right, you have to wait five years for those earnings to come out tax free 5 years or 59 and a half, whichever is longer. If you've never established a Roth IRA before, the five year clock starts on January 1st,. The contributions are 100% tax free with five full tax treatment.
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