The 2 5-Year Roth IRA Rules Retirees NEED to Know

In this video, Danny Cieniewicz, CFP at Hyperion Financial, breaks down the two important 5-year rules for Roth IRAs: one for conversions and one for earnings. Learn about the tax-efficient benefits of Roth IRAs and how you can avoid penalties when converting and withdrawing funds. Danny explains the rules using three different case studies, helping you understand how to make Roth IRA conversions part of a smart tax strategy. This video is essential for anyone looking to maximize the growth potential of their Roth IRA while avoiding costly mistakes. In this video, we cover: 00:00-00:51: Introduction 00:51-03:20: How are Roth IRAs Funded? 03:20-04:08: How are Roth IRA Funds Distributed? 04:08-06:43: The 5 Year Conversion Rule 06:43-08:47: The 5 Year Earnings Rule 08:47-10:35: Case Study 1 10:35-12:00: Case Study 2 12:00-13:06: Case Study 3 13:06-14:13: Recap hyperionfp.com