IRA Rules

Posts Tagged ‘inherited ira 5 year rule’

Question: I started with $5k in a Roth IRA, the value has been cut in half. Can I withdraw all the money?

So I never had any earnings, in fact, have even much less than what I originally put. So if I withdraw all the money and then sometime later I put it back in the Roth will the 5 year rule apply from the date when I first opened the Roth or does it reset?
I don’t need criticism….I need answers.
I didn’t buy high…I continuously averaged down and the market kept tanking. It’s a bottomless pit. Easier said than done. Anyway, if I sold in January, I would have been better off now by buying yesterday. I don’t have anymore cash.

Answer: You are the poster child for why so many individual investors do so badly. Buying high and selling low. And I suppose you’ll want to get back in the market again AFTER stocks run up in price so you can start the process all over again. Leave the money in there. As a matter of fact, buy even more at these cheap prices. Or continue your strategy of buy high and sell low and tell us all how it works out. Good luck.

Reeling in the Years 1972-3