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Posted On: 05/24/2025 9:44:20 AM
Post# of 154678
I had questions about whether the rule applies to subsequent contributions to the same Roth IRA.
From Investopedia here is what they say is the rule:
"Important: The time period for the 5-year rule starts with your FIRST contribution to a Roth IRA, including contributions from a conversion from a traditional IRA."
This is key because my Roth is more than 5 years old, but I have been adding contributions and using those to buy more CYDY. Do your own due diligence my understanding is that for the same Roth account, you can make subsequent contributions without restarting the rule. I'll add another contribution this year and buy more CYDY
Go Longs
From Investopedia here is what they say is the rule:
"Important: The time period for the 5-year rule starts with your FIRST contribution to a Roth IRA, including contributions from a conversion from a traditional IRA."
This is key because my Roth is more than 5 years old, but I have been adding contributions and using those to buy more CYDY. Do your own due diligence my understanding is that for the same Roth account, you can make subsequent contributions without restarting the rule. I'll add another contribution this year and buy more CYDY
Go Longs
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