Selling ROTH

I was just going through the rules on selling the ROTH.  As I understand the ROTH.....the 2 rules you need to meet before selling are....
1. 59 1/2 in age or older. I was 59 1/2 on 3 Jan.
2. The ROTH needed to have been started at least 5 years ago. I started it with Edward Jones in 2008 or 2009 (I have proof of the beginning purchase)....then moved it to Vanguard in 2013. No matter how you calculate it......it's over 5 years.

Unless there is something that somebody knows that I don't see.......I'm selling.

Damn.....that wind is really biting today......

Fred

2017-2013=4. So if they count the start as when you moved to Vanguard potentially it's too soon. Unless 2013 was a typo and you meant to type 2012?

The rules from the IRS state the paragraph below....I am assuming that beginning it before 2010 ......then moving it to another company doesn't require you to start the 5 years all over again.....

What Are Qualified Distributions?
A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements.

It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and

The payment or distribution is:

Made on or after the date you reach age 59½,

Made because you are disabled (defined earlier),

Made to a beneficiary or to your estate after your death, or

One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit).

Well....now I feel dumber than usual. Just went online to sell the ROTH and it occurred to me I better double check to see if my address was changed to the UK. It hadn't. Now I have to wait 14 days. I don't know how I missed changing that one.....

Well....now I feel dumber than usual. Just went online to sell the ROTH and it occurred to me I better double check to see if my address was changed to the UK. It hadn't. Now I have to wait 14 days. I don't know how I missed changing that one.....

Easily done.

I have lists and reminders all over the place at present as we prepare to sell up and move back on Tuesday.

I was going to change our address on Vanguard this week but we got the call that contracts were going to be exchanged on the house we are buying with completion on Wednesday, the day we arrive so we should be able to pick up the keys that same day.

So much going on it is easy to miss doing one or two things.