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Originally Posted by Pballer
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That article contradicts this article from the same source which includes the paragraph (emphasis added): Additionally, tax laws dictate that you must hold your Roth IRA for five years and be age 59½ to avoid the 10% penalty on withdrawing earnings and conversions. So, you will need to meet both the age and holding period requirements to avoid withdrawal penalties. But, the IRS can also waive these requirements if you meet the criteria for an exception.
EDIT: Other sources also claim an exception from penalties if you are over 59 1/2 but any earnings would be subject to income tax.
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Confirmation bias is real; I can find any number of articles that say so.
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Last edited by Bill14564; 09-21-2024 at 01:34 PM.
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