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Roth IRA Withdrawal Rules

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This is one of the few videos about Roth IRAs that I have seen that is completely correct Thank you for giving this vital information to people
Comment from : @johnscott2746

My major concern is how I can protect and preserve my wealth in savings against the various harmful economic forces, regardless of what the high and mighty economic talking heads discuss at the conference What are the instruments I can buy to help meet my goal?
Comment from : @MichaelSchutter

Explained so clearly thanks
Comment from : @Tronxs0

Perfect video
Comment from : @charleschristinemazza

Crystal clear
Comment from : @avyanandlithu3342

Is a rollover considered a contribution or a conversion? I’m in the Florida Retirement System and am considering a rollover into my Fidelity Roth IRA I know I’ll need to pay income taxes but I want to avoid the 10 fee which I would not have if I leave the money in the FRS investment plan
Comment from : @FloridaTwoWheelAdventures

I got 15k in my 401k my last job the plant closed Could I take some money out with the Roth IRA
Comment from : @foreignbloodline3663

I moved my 401 k to ira and converted to roth this yr(2025) I will be less than 595 after 5 yrs Will I be able to take just the converted amount before 59 5 without penalty
Comment from : @nebudaniel1559

This was a great explanation, I very well may share this with my family
Comment from : @BobbyB_FA

Thank you for your video! quick question if you transfer your Roth IRA from one institution to another, the five-year-old does not restart correct?
Comment from : @jeremy7932

I'm 73 yrs and retired, Have a Self Direct IRA that I pulled money out to buy Treasury Bills Did not keep this for a personal use, but to reinvested How do I report this to the IRS so that I don't get taxed on income tax?
Comment from : @dang1951

If you’re good at making money… the Roth is by far the greatest thing ever! Example I’ve had my Roth for over 5 years In 2024 I made a 490 return in options trading 2023 I made a 352 return The 3 previous years over 290 I can pull those gains anytime now since I satisfy both rules No taxes!!! Think about that It’s almost too good to be true
Comment from : @Nuvinci88

When you withdraw money, what is the difference of it coming from your contributions versus your earnings?
Comment from : @DarrenTabor

Okay I'm 63 and if I started one now how soon before I could pull money out without getting dinged for taxes?
Comment from : @larryrichins7887

By that time 59 1/2 what the hell you’re supposed to do with it I already feel like I’m dead and I’m 40
Comment from : @jamesjirik2245

Very helpful Easy to understand
Comment from : @tomroland8271

Does any money you get from a ROTH IRA (I meet the age requirements and so forth) count against the Affordable Care Act subsidy? If, for example, I take 3K from my Roth to help make ends meet, will that 3K get counted toward my MAGI and thereby raise my monthly ACA premium?
Comment from : @daviddudash3636

Very nicely explained!
Comment from : @kaustubhvaidya8637

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @YinusaSaheed

Do I need to file any tax forms if I pulled out roth contributions only after 5 years but under 59 1/2 years of age? Thanks for input trying to figure out if I need to file anything on my yearly taxes
Comment from : @hockeyplayer6627

What happens if I have too many stocks instead of focusing on a few and sell the outliers
Comment from : @marcoschavez9120

Excellent information,now I have it clear how it works,very well explained Thank you Sir!
Comment from : @celestesiempre3757

Forgive me if this is a silly question, but assuming I invested every dollar into my ROTH IRA, can I still withdraw up to the amount that I have contributed (ignoring the other clock rules)? What are the mechanics of that? Do I choose which investments to sell a portion of the withdraw the contribution?
Comment from : @JoeydeStAubin

Govt Is such a scam You’re putting in your after tax money and getting taxed on it again if you take it out before you’re 10 days from death WHAT A JOKE!!!
Comment from : @Jloggedn

Outstanding and perfect video for exactly the information I was looking for Thank you sir
Comment from : @smileychess

Question Do you need to sell your stocks on the roth ira first before you can withdraw them? brbrI try to withdraw as a sample but its zero in the withdrawable cash brbrbrThank u so much
Comment from : @jonathanerno8810

I just want to withdraw the money I contributed 12 years ago and walk away with the earnings keep earning until retirement I can do that without penalties, right?
Comment from : @MoniqueDee

This is hands down the iclearest/i explanation I have heard of Roth IRA's Thank you!
Comment from : @grit1679

What if the roth dollars were rolled over from a roth 401k are the contributions able to be withdrawn?
Comment from : @erniesings6855

Very clearly and well explained Thank you so much!
Comment from : @manomay7029

Thank you so much! That was very clear and answered all my question in few minutes
Comment from : @Tinatut

What about Roth IRA contributions that resulted from a rollover from a Roth 401k?
Comment from : @casers11

Thank You Sir
Comment from : @TheRawfishking

ps - Youʻve won a new subscriber!
Comment from : @flyingfoxes

God! Thank you!!!! Iʻve listened to Suze Orman a thousand times and still get confused You are the best at explaining this Very CLEAR and CONCISE Thank you sir
Comment from : @flyingfoxes

Buying stocks might seem easy, but picking the right one without a solid plan is tough I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell Any tips on this would really help
Comment from : @KimberlyMargaret

Well done, thank you
Comment from : @jonjansky

So clear , thanks
Comment from : @chin4538

If you convert 50 of your traditional IRA to a Roth brAnd pay your taxes At conversion , is there any tax ramifications when withdrawing from your Roth after 5 years and if you’re over 595 years of age?brbrOr must you convert 100 of your traditional Ira to avoid taxation on Roth withdrawal?
Comment from : @michaelnitake2534

So I can put money in and let's say a emergency comes up in 1 year, I can pull that money out with 0 fees?
Comment from : @thetruth1446

Best video on Roths on YouTube!
Comment from : @mattpecevich3749

It’s way too complicated, hello canada tfsa, thank you tho
Comment from : @kpopbutlofi

Thanks for a simple explanation Im in my 60s and my etrade ira roth account gives me a option to click a button if i want to adjust a wash sale?? should i swith this on or not?
Comment from : @VENFABIO

WELL DONE THANK you
Comment from : @derekcho2312

Nice work !
Comment from : @jpgsf1978

THANK YOU! I finally understand!
Comment from : @jeffbeamer9882

Thank you
Comment from : @FigyNewton

I have wasted 4 hours on understanding this But, you have done a simply phenomenal job explaining it (so much so that I am going ahead with Roth IRA) Simply brilliant!!
Comment from : @chainsingh5344

I understand that earning withdrawls will always be taxed before 595 but will there always be a penalty? I've had the account for 10 years (37 years old now) If I pull out my earnings will those be subject to the 10 penalty?
Comment from : @HoldOnStillProcessing

What does Conversion dollar mean? Does this mean the dollar that was converted from a Traditional IRA to a Roth IRA?
Comment from : @dylanhuynh5701

God bless you 💪🏼
Comment from : @gerardopena5365

Wish I had watched this one sooner ;(
Comment from : @JesusIsComingBackS00n

So would I face taxes and/or fees if I withdraw earnings pre 59 1/2 and post 5-year old IRA account?
Comment from : @user-kx1lz8xz1m

Great information
Comment from : @durtydeedsREI

If the IRS knows my Roth IRA buckets, how can I know the buckets too? Seems like Fidelity hides this info from me
Comment from : @webcompanion

if only all financial education content creators were as brief and concise as you are thank you!
Comment from : @BirSozben

Simple, clear, accurate, straightforward
Comment from : @b_tang

Thanks for the great explanation and correct info Unfortunately, the internet is full of misinformation and that can be costly and confusing for people to believe in watched several videos but none of them were very accurate and you explained key information in a short time
Comment from : @MortezaNurcheshmeh

I'm getting close to 59 1/2 should I expect any push back from my financial advisor when I show up to withdrawal my IRA? Thanks!
Comment from : @JayDubCustoms

Amazing video, everything is clear Subscribed right away!
Comment from : @viktorluciferovich7029

Great video Does the IRS consider Roth IRA and Roth 401k as two different things? They don’t pool those into one big bucket, do they?
Comment from : @kbeautyhobbit

Good information I was going to open two Roth IRA One from Fidelity and the other one from Vanguard
Comment from : @pierrecadet

Good day brI have to withdraw money from IRA to pay for my college I know that withdrawals from IRAs before age 59½ are subject to a 10 penalty But if I use the withdrawals to pay for qualified education expenses (in this case, my college tuition), I may not have to pay this penalty I have one other brokerage account too, so do I have to exhaust that first (plus any money in my bank account) prior to withdrawing money from my IRA account without being penalized? Or can I just leave my brokerage account alone and withdraw the IRA without being penalized using the criteria mentioned above?brThank you
Comment from : @khatran1153

This is the clearest explanation I have seen on YouTube thank you
Comment from : @ababaa8116

Worth noting for future reference: "after 5 years" also means the "6th year" For example, if 2023 is year 1, 2028 is both "5 years after" and the "6th" year (because 2023 is the 1st year) Sounds obvious but easy to forget and get tripped up on
Comment from : @leeschloss4840

Bravo 🎉
Comment from : @joshpaul1976

This is very helpful, but I do have questions: If I am over 59 1/2, and I have invested all my Roth funds into stocks, which made me some earnings over the years So are you saying for the portion of earnings that is made over the last five years, I won't be able to withdraw without getting penalized? Thanks
Comment from : @irenechiu4533

Hi there If I rolled a 401k to a Roth IRA is the whole amount considered a contribution or conversion? I paid takes on the rollover Think it's a conversion, but just want to confirm Thanks
Comment from : @kemia252

Well done Nice concise explanation
Comment from : @rjg7018

Is this the same for a ROTH 403B? If I have one and I have had another ROTH for more than 5 years, no problem withdrawing contributions from day one (yes and over 595 too) Obviously, the point is to put this money in and NOT take it out for a long time, but incase i needed to, I could Thanks
Comment from : @butopiatoo

I'm 31 and have had my Roth IRA for 7 years If I withdrew earnings would they be taxed AND penalized even though I've had the account for over 5 years? I'm not going to withdraw anything, I'm just curious how it exactly works
Comment from : @CelticsWin7

I have a roth 401K would it have same rules or different?
Comment from : @roberthutchison8416

I have a senarios if anyone can help me I opened ROTH IRA in 2021 contributed 6k, in 2022 contributied 6k, and in 2023, so far, i have contributed $4,250 My account is showing gain of $995 from earning (on top of my contributions) This year i’m buying a house Can i withdraw $16,250 that i had contributed without tax and penalty to put downpayment on my first house? I would appreciate if somoene could answer my question Thank you
Comment from : @johnvu7151