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re: Opening Roth IRA
Posted on 12/17/18 at 9:20 pm to HotDamn
Posted on 12/17/18 at 9:20 pm to HotDamn
Correct me if I'm wrong. Doesn't the 5 year rule only apply to conversions and earnings? I've always understood regular contributions were always tax and penalty free. I searched quickly and didn't find anything to the contrary.
1
Posted on 12/17/18 at 9:23 pm to TorchtheFlyingTiger
Had to refresh my understanding with a quick search. You’re right, no early withdrawal fee on contributions. Score another for the Roth.
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