TomD8
Level 15

Retirement tax questions

Yes, you can withdraw your Roth IRA contributions at any time, tax and penalty free.

 

The 5-year rule applies in three situations: if you withdraw account earnings, if you convert a traditional IRA to a Roth, and if a beneficiary inherits a Roth IRA.

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.