Personal Investments • 401k to lRA

Why would I need to keep track of contributions in my Roth?

If you first contributed to Roth IRA more than 5 years ago, you don't...because your Roth IRA is "qualified" and that information is no longer needed.

For people who have a Roth IRA that is not yet qualified, the contributions must be kept up with because a withdrawal could trigger taxes and/or penalty.

Statistics: Posted by retiredjg — Fri Sep 26, 2025 3:10 pm — Replies 10 — Views 473

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