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Level 2

Question

Roth IRA 5 Year Timing

Forum|Forum|1 year ago
February 5, 2025
1 reply
15 views

We recently moved our Roth IRA to another investment firm from the one where we opened it. Does the 5-year clock start from when we initially opened the account or when the new firm took ownership?

Thanks,

Gary

Level 15

No, transferring your Roth IRA to a different broker does not reset the 5-year holding period; the 5-year clock starts when you make your first contribution to any Roth IRA, and it applies to all your Roth IRAs, meaning a transfer between accounts does not restart the waiting period.

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Level 2

Thanks, that clears it up.