If I start a Roth IRA or rollover a Traditional IRA into a Roth IRA, is there any holding period requirement before being permitted to take tax-free distributions?
Generally, distributions from a designated Roth account are excluded from gross income if they are (1) made after the employee attains age 59 1/2 , (2) “attributable to” the employee being “disabled,” or (3) made to the employee's beneficiary or estate after the employee's death. However, the exclusion is denied if the distribution occurs within five years after the employee's first designated Roth contribution to the account from which the distribution is received or, if the account contains a rollover from another designated Roth account, to the other account.
Please contact one of our Roth IRA Experts at 800-472-0646 for more information.
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