Personal Investments • 5-year Roth rule after rollover?

While the original question doesn't apply to the OP, does anyone know if rolling over the accounts resets the clock to that of the new account? I believe not in the case of a rollover, but can anyone confirm?

You have only one Roth from an IRS perspective. The age of the first ever Roth is the start of the 5 year clock even if the brokerage account no longer exists. You just have to be able to document it.

Cheers

Statistics: Posted by Silk McCue — Sun Aug 18, 2024 4:49 pm — Replies 6 — Views 309

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