Clearing Up One of the BIGGEST Misconceptions about Roth IRAs
One of the biggest misconceptions when it comes to Roth IRAs has to do with the five-year rule. So, in this video, we explain what the five-year rule is and who it applies to. The rule applies differently to contributions and conversions and is influenced by factors like your age and whether you've held the account for five years, so feel free to hit pause on the chart to see how the rule applies to you..
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Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, financial, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is an Ohio based registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.
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