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04-28-2023, 06:27 AM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 12,818
Thanks: 1,011
Thanked 11,022 Times in 4,206 Posts
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Quote:
Originally Posted by CoachKandSportsguy
According to my Fidelity advisor,
The 5 year Roth IRA contribution - withdrawal clock starts when the account is opened,
even if there is no money in the account. . .
So for anyone who hasn't opened a ROTH ira for for conversions, and that is in your plans, open the ROTH IRA today and get the tax free penalty free clock starting now!
If others have differing opinions from their advisors or tax advisors, would love to hear them to be sure i am not relaying bad information. .
not a CFP guy
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Two different things...................different rules.
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Identifying as Mr. Helpful
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