Today, Bruce Hosler of Hosler Wealth Management sits down with Jon Gay to talk about the "5-year rule" regarding Roth IRA and Roth 401K accounts. These rules are in place to encourage investors not to withdraw from their Roth accounts before age 59 1/2.  And if these rules aren't followed, they can result in stiff tax penalties!

Bruce explains:

• When the clock starts on the 5-year rule
• The difference between a qualified and non-qualified distribution
• What is a triggering event?
• What are the differences in rules between Roth 401K accounts and Roth IRA accounts?
• How can you get around the 5-year rule?
• What if you have an emergency and need to withdraw the funds early?

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

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