Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam. In this episode you will learn: - The difference between after-tax contributions and tax-free qualified distributions in a Roth IRA. - The two critical requirements for a qualified distribution: being age 59 ½ and satisfying the five-year holding period. - How the five-year holding period is calculated and why its start date is a common exam trap. - How income limitations can prevent direct contributions and how backdoor Roth conversions work as a solution. - The specific ordering rules for withdrawals (contributions, conversions, earnings) and how they are tested. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818