When you are more mature than 59½ but haven't satisfied the five-12 months holding need, your earnings may very well be matter to taxes although not penalties. Take note that the 1st contribution to any Roth IRA starts the five-12 months holding period of time for your Roth IRAs. Check https://laneshuhs.thekatyblog.com/32829438/the-smart-trick-of-retirement-planning-that-no-one-is-discussing