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No, you're just changing the account custodian. The 5 year rule would apply if you're still working and therefore had earned income AND deposited it in an entirely new Roth IRA account. And why anybody would do that I cannot say, because it wouldn't ...
Drair 06-25-2024 09:11 PM
2
Replies
1
Kudo
3020
Views
I’m pretty computer literate but unlike my economist friend, I continue to keep paper & pencil ledgers of my checking and savings transactions.  Like him, I do trust the bank and other institutions to do this for me—even better than me actually.  BUT...
Drair 11-20-2021 03:28 PM
0
Replies
3
Kudos
7978
Views
No, you're just changing the account custodian. The 5 year rule would apply if you're still working and therefore had earned income AND deposited it in an entirely new Roth IRA account. And why anybody would do that I cannot say, because it wouldn't ...
Drair 06-25-2024 09:11 PM
2
Replies
1
Kudo
3020
Views
I’m pretty computer literate but unlike my economist friend, I continue to keep paper & pencil ledgers of my checking and savings transactions.  Like him, I do trust the bank and other institutions to do this for me—even better than me actually.  BUT...
Drair 11-20-2021 03:28 PM
0
Replies
3
Kudos
7978
Views
No, you're just changing the account custodian. The 5 year rule would apply if you're still working and therefore had earned income AND deposited it in an entirely new Roth IRA account. And why anybody would do that I cannot say, because it wouldn't ...
Drair 06-25-2024 09:11 PM
2
Replies
1
Kudo
3020
Views
I’m pretty computer literate but unlike my economist friend, I continue to keep paper & pencil ledgers of my checking and savings transactions.  Like him, I do trust the bank and other institutions to do this for me—even better than me actually.  BUT...
Drair 11-20-2021 03:28 PM
0
Replies
3
Kudos
7978
Views
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Date Registered ‎12-19-2011 10:01 PM
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