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SVTPerformance's Chain of Restaurants
Road Side Pub
Best type of investment
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<blockquote data-quote="Ohio Snake" data-source="post: 15959009" data-attributes="member: 157862"><p>Conversion Roth IRA’s have the five year wait period for distributions. Non conversion Roth IRA do not have the five year wait period. You can take your cost basis ( contributions) out by distribution without penalty or taxes at any time however, you must leave the gain portion ( if any) alone until age 59.5.</p><p></p><p>If your intention is to utilize the cash for a home purchase in a short period of time ( a couple of years) just open a brokerage account ( not a Roth or traditional) and invest conservatively.</p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 15959009, member: 157862"] Conversion Roth IRA’s have the five year wait period for distributions. Non conversion Roth IRA do not have the five year wait period. You can take your cost basis ( contributions) out by distribution without penalty or taxes at any time however, you must leave the gain portion ( if any) alone until age 59.5. If your intention is to utilize the cash for a home purchase in a short period of time ( a couple of years) just open a brokerage account ( not a Roth or traditional) and invest conservatively. Sent from my iPad using Tapatalk [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Best type of investment
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