What is a Roth qualified distribution?

  • Updated

In addition to being over the age of 59 ½, Roth accounts have the added requirement of being open for at least five years to avoid taxes and a penalty on distributions, regardless of age. The five-year clock starts on January 1 of the year in which you made your first Roth contribution. There may be exceptions to this rule; please visit the IRS website or consult a tax advisor for further information.