The Wall Street Journal's Kelly Greene recently answered a reader's question about the five-year rule on Roth IRA conversions.
Greene wrote: "For withdrawals to be penalty free, the five-year rule governing Roth IRAs for the most part works the same for people who open and begin periodic contributions to a Roth IRA and those who convert to a Roth from a traditional individual retirement account or other retirement plan."
However, as Greene pointed out, there is a wrinkle or two. CLICK HERE to read the entire Q&A to find them out.
Greene also asked Ed Slott to explain some of the intricate measures to look for when working with the five-year rule and Roth IRA conversions.
CLICK HERE to read the article in its entirety.
Compiled by Jared Trexler
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