Thanks so much!
just to be sure I’m following-
if I rollover 100k from my 401k to a Roth, I of course pay tax on the $100k—- then, if I want to avoid any penalties… I have to leave the 100k AND any earnings alone for 5 years.
If , say in 3 years the 100k had grown to $125k. If I take out $50k,….. does that mean I have to include $25,000 in my gross income that year?
