How Long You Must Wait to Make Penalty-Free Withdrawals After Converting to a Roth IRA

The timing of converting money from a traditional IRA to a Roth can affect how long you must wait before you’re allowed to withdraw money without penalty.

Roth IRA vs Traditional IRA written in the notepad.
(Image credit: Getty Images/iStockphoto)

Question: If you convert a traditional IRA to a Roth IRA, do early-withdrawal penalties apply?

Answer: Roth conversions are not subject to a 10% early-withdrawal penalty at the time of the conversion. But if you tap the converted amount, you need to be mindful of the five-year rule for penalties.

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Brendan Pedersen
Staff Writer, Kiplinger's Personal Finance
Brendan joined Kiplinger in 2018 and writes about technology, security and money. A Chicagoland native, he graduated from DePaul University with degrees in journalism and political science. Before moving to Washington, D.C., Brendan covered local politics for NBC Chicago and daily news for BusinessDen in Colorado.