The Ultimate Guide to the Roth IRA 5-Year Rule—Avoid Costly Mistakes and Unlock Tax-Free Growth!

00:00 - Intro 00:27 - The 5-Year Rule 00:48 - Contributions 01:25 - Under the Age of 59 ½ 02:40 - Over the Age of 59 ½ 04:15 - Conversions 05:07 - Example - Under 59 ½ 05:52 - Example - Over 59 ½ 07:43 - First In, First Out Rule 08:25 - The Two 5-Year Rules 08:52 - Roth Laddered Conversion Example 11:05 - Bloopers Unlock the secrets of the Roth IRA 5-Year Rule with this ultimate guide! Whether you're making contributions, conversions, or planning withdrawals, this video breaks down the rules you need to know to avoid costly mistakes and maximize tax-free growth. Learn how the account-level and conversion-level 5-year rules impact your withdrawals, when taxes or penalties apply, and strategies to make the most of your Roth IRA. Don't miss this step-by-step breakdown with real-world examples to help you take control of your retirement savings! Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here:    / erintalksmoney   Thanks for watching, I appreciate you!