RBS 026: The Two 5-Year Roth IRA Rules Explained_Here's How They Work

There are two different 5-year rules for Roth IRA accounts. One applies to Roth IRA accounts and determines, in part, whether the withdrawal of earnings is subject to income tax. The second applies to Roth IRA conversions and determines whether a withdrawal will trigger the 10% penalty tax.In this video we walk through both 5-year rules. We'll cover what they are, how they work, and what it means for retirement savings.These are complicated rules, so be sure to check out the resources below. And as always, consult a tax professional before making any decisions.Join the newsletter: https://robberger.com/newsletter/?utm...————————————Video Resources————————————IRS Publications--https://www.irs.gov/publications/p590bhttps://www.irs.gov/retirement-plans/...https://www.forbes.com/sites/bobcarls...