Understanding the Two Five-Year Rules for Roth IRA Contributions and Conversions
Apr 7, 2014
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By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
There are two distinct five-year rules to worry about when it comes to tapping Roth accounts: one for contributions and the other for conversions. Each has its own requirements and stipulations. Do you know the difference?