Roth IRA, Traditional IRA, 401K » another http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Q&A: Does transferring a Roth IRA to another institution impact the five year rule for qualified distributions? http://www.iraroth.net/2011/03/qa-does-transferring-a-roth-ira-to-another-institution-impact-the-five-year-rule-for-qualified-distributions/ http://www.iraroth.net/2011/03/qa-does-transferring-a-roth-ira-to-another-institution-impact-the-five-year-rule-for-qualified-distributions/#comments Fri, 25 Mar 2011 22:24:47 +0000 admin http://www.iraroth.net/2011/03/qa-does-transferring-a-roth-ira-to-another-institution-impact-the-five-year-rule-for-qualified-distributions/ Question by Mike201JC: Does transferring a Roth IRA to another institution impact the five year rule for qualified distributions?
If I transfer a Roth IRA from one financial institution to another, will the five year waiting period for tax-free qualified distributions be impacted, or will it still be calculated from the date I first contributed to the IRA at the original institution?

Best answer:

Answer by Bash Limpbutt’s Oozing Cyst©
No, rollovers between like type accounts (i.e. Roth to Roth) do not affect the calendar at all.

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]]> http://www.iraroth.net/2011/03/qa-does-transferring-a-roth-ira-to-another-institution-impact-the-five-year-rule-for-qualified-distributions/feed/ 3 Transferring IRAs from one institution to another? http://www.iraroth.net/2010/02/transferring-iras-from-one-institution-to-another/ http://www.iraroth.net/2010/02/transferring-iras-from-one-institution-to-another/#comments Sat, 27 Feb 2010 22:33:49 +0000 admin http://www.iraroth.net/2010/02/transferring-iras-from-one-institution-to-another/ I want to open a Roth IRA with Vanguard, but the minimum is three thousand, which I don’t currently have. If I were to open an IRA with Sharebuilder (or some other institution with lower minimums) would I later be able to transfer it to Vanguard without paying fees for cashing it out?

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