@c_buildingquietwealth: The Roth IRA 5-year rules, explained like you’re 5 (because nobody else will). 👇 💰 A Roth IRA is the one retirement account where your money grows tax-free AND comes out tax-free. You put in money you’ve already paid taxes on, it grows for decades, and in retirement you owe the IRS nothing. ⏳ The catch most people miss: the 5-year rules for your earnings. 📈 In order to pull out your earnings tax-free, two things have to be true: 1️⃣ The account’s been open 5 years 2️⃣ You’re at least 59½ (the most common way to qualify) ⏰ For the Growth Clock: the 5-year clock starts January 1 of the year of your first contribution. ⏰ For the Conversion Clock: each time you convert funds from a traditional IRA to a Roth IRA a new, separate 5-year clock for that conversion starts. ✍️ Save this for when you open your Roth IRA. ✨FOLLOW for more investing and personal finance in plain English. ⚠️ Not financial advice. Educational purposes only. Always do your own research before investing. #i#investingforbeginnersp#personalfinanceforwomenpersonalfinance #r#rothirafinancialliteracy

Charlie- Building Quiet Wealth

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Sunday 07 June 2026 20:24:55 GMT