Quantcast

Ask The Expert: Withdrawals

Q:

Opened a Roth in 1999 with one company. Moved that Roth to another co in 2010. Does the money have to remain in the second company for 5 years before any money can be taken out?

See other answers from this expert. 223 out of 467 people found this useful.
A:

Nope. The date that matters is when you opened and first contributed to the Roth itself, regardless of any subsequent account transfers to other financial institutions.

Was this answer useful?