• The Five Year Rule For Roth IRAs, Explained

  • Aug 26 2024
  • Length: 15 mins
  • Podcast

The Five Year Rule For Roth IRAs, Explained

  • Summary

  • Hey Rich Girls, Kirby here - Pretty much anyone who pays even the slightest bit of attention to money or retirement savings has certainly heard some investment fanatic raving about Roth IRA’s, how amazing they are & that everyone NEEDS to be funding one.

    **please note this is not investment advice, just my opinion & should be used for entertainment purposes only**

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    ARTICLES MENTIONED:

    Roth IRA Contribution Limits: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits#:~:text=For%202023%2C%20the%20total%20contributions,taxable%20compensation%20for%20the%20year

    Future Value Calculator: https://www.calculator.net/future-value-calculator.html

    Five year rule: https://www.bankrate.com/retirement/roth-ira-5-year-rule/#:~:text=The%20Roth%20IRA%20five%2Dyear%20rule%20says%20you%20cannot%20withdraw,%C2%BD%20or%20105%20years%20old.Roth IRA withdrawal flowchart: https://obliviousinvestor.com/roth-ira-withdrawal-rules/

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