Roth Ira Distribution Rules
December 26th, 2006
Question: 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?
Answer: it would be better if you let the institutions transfer the money between them so that you do not have constructive receipt of the money
Donnie Mac & Kathy Carlille, “Summertime” (08-16-2005 (06))
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