chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
I was looking at the rules on the "Seasoning Period" for a Roth IRA and withdrawal rules.
I read something that contradicted how I thought it worked.
I thought that the account needed to be 5 years old (and the owner 59.5) to take tax free withdrawals. Are there any restrictions on time period (Seasonsing) on funds that were converted or is the seasoning period just for the account (i.e., once the account is seasoned all funds in the account are tax free regardless of when they were converted from a Trad IRA)?
What is your interpretation of the rules and limitations? What is your experience with the Seasoning Period?
I read something that contradicted how I thought it worked.
I thought that the account needed to be 5 years old (and the owner 59.5) to take tax free withdrawals. Are there any restrictions on time period (Seasonsing) on funds that were converted or is the seasoning period just for the account (i.e., once the account is seasoned all funds in the account are tax free regardless of when they were converted from a Trad IRA)?
What is your interpretation of the rules and limitations? What is your experience with the Seasoning Period?