Suze School: Revisiting The Five Year Rule For Roth Retirement Accounts
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How to Convert a Traditional IRA to a Roth IRA
A converted Roth IRA has to stay in there until you are 59 and a half years of age or older. If you take it out before those five years, you will pay a 10% federal tax penalty unless you are 59-and-a-half years old or older. So your Quiz is, how long does the money you converted have to sit in that converted Roth IRA until you can withdraw the amount you originally converted without tax and penalty?
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