Understanding the Roth IRA's Five-Year Rule and Its Implications

Most people know the Roth IRA has a five-year rule. Fewer people know it applies to each conversion separately.

Convert money before 59 and a half and then need it back sooner than expected, and a 10 percent penalty is waiting. The clock starts fresh every time you convert, which means keeping track of each one matters more than it sounds.

The full breakdown is in this episode of Fearless Money Talks.

YouTube: https://loom.ly/02O3JgM
Apple Podcasts: https://loom.ly/c_t5inM
Spotify: https://loom.ly/R0_MnJA

#RothIRA #FiveYearRule #TaxRetirement #IRAConversions #RetirementPlanning