For example, if someone has contributed $10,000 post-tax and $30,000 pre-tax to a traditional IRA and wants to convert the post tax $10,000 into a Roth, the pro-rated amount (ratio of taxable contributions to total contributions) is taxable. Direct contributions to a Roth IRA (principal) may be withdrawn tax and penalty-free at any time. 2  Earnings may be withdrawn tax and penalty-free after 5 years if the condition of age 59Â½ (or other qualifying condition) is also met.
Netflix NFLX, -1.04% shares rose 2.5 % after the company said its board approved a seven-for-one stock split. The split will be effected via a stock dividend to be distributed on July 14 to shareholders of record at the close of business on July 2. The stock will begin trading on a post-split basis on July 15. Netflix shares closed at $681.19.
On Tuesday, shares of Netflix were trading right around $700 a share, so in about three weeks, Netflix shares will be trading around $100. After the news of the Netflix stock split, shares were up around 2% in early trade on Wednesday.