I recently attended a seminar re: Roth IRAs and would like to obtain clarification regarding the applicable rules for distributions for my account. I believe the slide below only applies to Roth IRA 'Non-Qualified' distributions and does not apply to me (please confirm). When this distribution sequence applies to a Roth IRA brokerage account would the owner have to sell investments (stocks and ETFs) that have grown in value to withdraw from the contribution value and then reinvest the balance (earnings)?
Following is a general summary of my Roth IRA account and contributions:
- I opened my Roth IRA account in 1999 and rolled it over into a new Roth IRA account in 2023.
- I have made Roth conversions from my (pre-tax) IRA account in 2023 and 2024. I also plan to make additional conversions for the next few years. I have / will pay taxes on these conversions each year as required.
- I am currently over 59-1/2 years old.
Please confirm the applicable requirements for distributions from my Roth IRA account.
Thank you.
