I wanted to get clarification on how the Roth 5 year rule works. I have a Roth Account that has been in existence for longer than 5 years and I am also 60 years old. Two years ago, when I was 58, I established two new Roth accounts and funded these two Roth accounts with a small portion of the original Roth account. The transfer was done internally at the same institution were the original Roth resides. Since these two new accounts are less than 5 years old, but were funded from a Roth account that was over 5 years old do these two newer account have there own 5 year clock? I have added no new money to any of these accounts...merely divided the 1 older account into three accounts (the original and two smaller new accounts).
Thanks in advance.