5-year rule | Ed Slott and Company, LLC

5-year rule

3 Roth IRA Myths You Can't Afford to Believe

Roth IRAs are powerful retirement savings tools... if you used correctly. Here are 3 Roth IRA myths you simply can't afford to believe.

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Does Each Roth IRA Need Its Own Five-Year Clock?

This week's Slott Report Mailbag answers whether each separate Roth IRA needs its own five-year clock and if you can convert non-deductible Traditional IRA funds to a Roth IRA. Do you know the answers?

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When Does the Roth IRA 5-Year Clock Begin?

For anyone who did a Roth IRA conversion in 2010, you have now fulfilled the 5-year waiting period for taking penalty-free distributions from your 2010 Roth conversion. You have also passed one test for taking a qualified distribution. Here's what else you need to know about the Roth IRA 5-year clock.

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President Obama's 2015 Budget Includes A Possible Retirement Planning Game-Changer

Yesterday, President Obama unveiled his Fiscal Year 2015 Budget. As has been the case with previous budgets, this year’s version includes a number of proposed changes aimed at retirement accounts. Six out of the 7 provisions detailed below, or similar versions of them, were included in President Obama’s Fiscal Year 2014 Budget last year.

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Slott Report Mailbag: How Do I Name a Properly Titled Inherited? IRA?

ed slott IRA questions
This week's Slott Report Mailbag looks at the once-per-year rollover rules, touches on how to name a properly titled inherited IRA and once again dissects the always-confusing Roth IRA 5-year rules. Click to read a Q&A with our IRA Technical Expert.

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The 5-Year Rules: Moving a Roth Employer Plan to a Roth IRA

You have a Roth 401(k), 403(b), 457(b) or federal government Roth TSP. You have left your job and want to move those funds to a Roth IRA. What 5-year rule applies to the rolled over funds? The answer follows.

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What You Need to Know About Inherited Roth IRAs

When a Roth IRA owner dies, the money belongs to the beneficiary. Although Roth IRA owners never have to take minimum distributions during their lifetime, the beneficiary must take distributions after the Roth IRA owner dies. Roth IRA beneficiaries have the same after-death stretch opportunity as if they inherited a traditional IRA. There are two options for you as the beneficiary of a Roth IRA, which we explain below.

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IRA Beneficiaries, IRA Rollovers, Minor Beneficiaries Highlight Mailbag

Two Slott Report Mailbags in one week?! Yes, we are here a day earlier than normal to answer a few consumer questions (they are piling up) on IRA rollovers, IRA beneficiaries and naming minors as IRA beneficiaries.

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Roth Conversions and Contributions, Creditor Protection Highlight Mailbag

This week's Slott Report Mailbag includes questions on Roth conversions and contributions, the always-confusing Roth IRA 5-year rules and creditor protection for IRAs. Happy a happy, healthy Memorial Day weekend and thank you to the servicemen and women who risk their lives daily to defend and protect us.

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60-Day IRA Rollovers, 5-Year Rules Highlight Mailbag

This week's Slott Report Mailbag includes questions on some of our most-discussed topics, including 60-Day IRA Rollovers and the Roth IRA 5-year rules for distributions. These are delicate areas filled with penalty traps, so make sure you use the answers below as a guide and contact a competent, educated financial advisor to steer you around the landmines of taxes and penalties.

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