Talk of The Villages Florida - View Single Post - Interesting tidbit from the Fidelity Advisor
View Single Post
 
Old 04-28-2023, 08:50 AM
Shish Shish is offline
Junior Member
Join Date: Sep 2017
Location: Village of Sanibel - Clifford Villas
Posts: 27
Thanks: 1
Thanked 12 Times in 9 Posts
Default

Each Roth Conversion must be treated separately when considering the 5-year rule. The 5 years starts on January 1st in the year of conversion and ends in 5 years from that point. This is true, even if converting into an existing Roth IRA opened 10 years ago.
It is a good idea to open a separate Roth IRA for each conversion in order to easily track your investments and 5 years.