FINRA Series 7

Category - Series 7

A withdrawal from a Roth IRA may be a qualified distribution if the Roth IRA has been open for at least:
  1. 90 days
  2. one year
  3. 2 years
  4. 5 years
Explanation
Answer: D - five years. The five-year holding period begins on the first day of the year for which contributions were made.
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