welcome
SmartAsset

SmartAsset

Business

Business & Economics

Ask an Advisor: My Wife Did a $40K Roth Conversion in a Low-Tax Year. Does She Really Need to Wait 5 Years to Withdraw it?

SmartAsset
Summary
Nutrition label

75% Informative

Questions about the Roth IRA five-year rules come up quite often.

The main benefit of a Roth IRA is that your withdrawals are tax-free, as long as certain conditions are met.

The 5-year rule for Roth IRA contributions and for Roth Conversions requires you to wait five years before withdrawing.

Find a fiduciary advisor who offers the specific services and expertise that best suited for your situation.

Find a transparent fee structure and account size minimum that you can meet.

Are you a financial advisor looking to improve your marketing? SmartAsset AMP is a holistic marketing service financial advisors can use for client lead generation.