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Thread: Interesting tidbit from the Fidelity Advisor
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Old 04-27-2023, 04:15 PM
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Originally Posted by Robbb View Post
I'm missing something, all Roth withdrawal are tax free, regardless when they are taken. By definition a Roth is funded with after tax funds.
He’s talking about money transferred from an IRA into a Roth to make it tax free. You pay taxes on the money coming out of the IRA. There is a five year waiting period before you can touch those Roth funds. He wants to determine when that five year window starts. Is when you open the Roth or when you start to fund it.
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