When you invest in a Roth IRA, you’re not just planning for tax-free growth and retirement withdrawals; you’re also navigating important timing rules that can impact how and when you access your funds. One key timing rule is the five-year rule. Here are six things to know so that you won’t be caught off guard.

2 Big IRA Rollover Mistakes to Avoid

A 401(k) isn’t the only path to a secure retirement. While these employer-sponsored plans are a popular way to save, they may not cover all your future income needs. Whether you’re self-employed and don’t have access to a 401(k) or are looking to diversify your strategy, retirement savings options like traditional IRAs, Roth IRAs and annuities can offer flexible ways to grow your nest egg and help create greater financial security for retirement.

For years you have put away money from your pay into your employer-provided 401(k) retirement savings account. Your employer may have even matched 50% of your contributions or contributed 3% of your pay to the account as part of a safe harbor program. Now you want to take some of this money out in the form of a loan to help pay your bills or to buy a car. Before you take action, here are some things to consider.