No. of Recommendations: 0
Hyperspud had to pay taxes when he rolled his Traditional IRA into the Roth. There aren't more taxes to pay when he takes it out of the Roth.

If this was a conversion there is a 5-year clock that the converted fund has--withdrawals of converted monies before the end of 5 years has penalties unless one is already 59.5 years old and has had a Roth IRA for at least 5 years when the converted funds are withdrawn.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.