The Ventra app lets you check your Ventra Card's balance, add value or passes, get arrival/departure times and account alerts in a quick and easy-to-use app. You can even use the fare value from your Ventra transit accounts to buy mobile tickets for riding Metra trains right in the app.
If you convert money from another account to a Roth IRA before age 59 1/2, you must wait five years from the date of the conversion to withdraw the converted monies penalty free. If you turn 59 1/2 before five years have passed, you are eligible to take a distribution tax and penalty-free.arnings, however, are another story. You must reach the age of 59 1/2, and your Roth IRA must have been open for five years, before you can take out any earnings with no taxes or penalties. If you withdraw earnings before five years have passed, you will be subject to a 10 percent penalty plus ordinary income tax.
Should you convert to a Roth IRA now? Once youâve decided a Roth IRA is your best retirement choice, the decision to convert comes down to your current yearâs tax bill. Thatâs because when you move money from a pre-tax retirement account such as a traditional IRA or 401(k) to a Roth, you have to pay taxes on that income. It makes sense: if you had put money in a Roth originally, the taxes would have been due at the time you contributed. A Roth conversion is most beneficial when: