Hesitant About a Roth Because of the 5-Year Rule? Here’s Why You Shouldn’t Be
Recommend a Roth conversion to some people, and you may encounter a touch of financial skepticism.
“What if I need my money all of a sudden?” they ask. “Won’t it be off-limits to me for five years?”
The short answer is no, your money won’t be off-limits to you for five years. However, the longer answer is worth exploring because the question is a good one, even if it’s based on a misunderstanding about the Internal Revenue Service’s five-year rule that
