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http://boards.fool.com/as-i-understand-the-rule-is-actually-5-years-or-12539625.aspx
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| Subject: Re: Roth IRA: 5 year cutoff | Date: 5/9/2000 11:34 AM | |
| Author: mdorsey | Number: 21858 of 72496 | |
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As I understand the rule is actually 5 years or age 59 1/2 which ever is "longer" for penalties on withdrawals of earnings. So if your 5 year period begins at age 52 you must wait till age 59 1/2 to avoid penalty. |
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