Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Could you please confirm those dates? That "five tax years" are actually three years plus a day (all of 2020+2021+2022+a day). I was expecting four years plus a day.

Sorry, I guess I got a little carried away. 5 tax years must have "passed", and I was just counting the 5th tax year.

Tax Year 1 - 2019
Tax Year 2 - 2020
Tax Year 3 - 2021
Tax Year 4 - 2022
Tax Year 5 - 2023
Tax Year 6 - 2024 - Five tax years have passed, so the conversion amount, but not the earnings, are eligible for withdrawal

It is 4 years and day, although you probably can't get a withdrawal on Jan 1, so it would be 4 years a few days.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.