dmertz
Level 15

Retirement tax questions

"Do I need to wait 5 years before I withdraw any money from that Roth IRA for the distributions to be tax-free?"

 

No.  The 5-year qualification period is based only on your first Roth IRA contribution and applies to all of your Roth IRAs.  All of your Roth IRAs are treated in aggregate as if they were all one large Roth IRA.