Tom asked 2 years ago
I started my first traditional IRA back in the 1990s and opened my first Roth IRA about 20 years ago. In podcast Episode 71, you stated that you can’t take a distribution after a conversion for 5 years. I was under the impression that the 5-year rule applied from the date you first opened an IRA, not from when the money was first deposited (e.g. contribution from income, rollover, etc.). Can you please clarify this point? I think the juice will be worth the squeeze!