The Rules for Roth Withdrawals

After listening to the past two episodes you now know how to make Roth contributions and conversions, that was the easy part. 

Today we discuss the more complicated Roth rules for making withdrawals. To avoid unnecessary penalties and taxes you’ll want to make sure that you clearly understand the regulations surrounding Roth withdrawals. Listen to ensure that you don’t get caught unaware and needlessly get stuck paying avoidable taxes and fees. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

• [1:32] Building a target to work for to build healthy habits
• [6:20] The golden rule of Roth withdrawals
• [8:58] The order of withdrawals
• [11:08] How the five-year rule works with contributions
• [16:41] How the five-year rule works with conversions
• [19:33] How the five-year rule works with a Roth 401K

LISTENER QUESTIONS

• [27:11] On taking money from a 401K and moving it to a Roth IRA so that someone can manage it
• [31:34] How to decide whether to convert funds into a Roth IRA
• [35:03] Estimating Social Security income using the detailed calculator
• [36:01] Clarifying the five-year rule start date
• [38:40] Deciding whether to claim Social Security early

BRING IT ON 

• [43:14] Intentions vs actions

TODAY’S SMART SPRINT SEGMENT

• [46:42] Catch yourself setting intentions

Resources Mentioned In This Episode

Dexa Scan

BOOK - Outlive by Peter Attia

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center