Nov
29
I’ve had an Roth IRA for 9 years, but recently moved it to a new institution. If I want to take money out of my contributions, how is the account affected by the 5-year rule? Does this account have to be open for 5 years at the new institution before I can withdraw?
2 comments so far...
you have fulfilled the 5 yr rule no matter where it was deposited
To the IRS, the clock started when you first established the IRA, regardless of custodian switches. Just keep the supporting documentation to prove that.
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