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.
If you take a distribution from the conversion money in your Roth IRA within five years after the conversion, the early distribution penalty will apply even though the distribution isnât taxable. Example: You convert your traditional IRA, with a value of $20,000, to a Roth IRA, paying tax on the entire amount.Two years later, when you are under age 59Â½, you withdraw $5,000 from the Roth IRA, and the distribution comes from conversion money because you havenât made any regular contributions to your Roth IRA.ou convert this IRA to a Roth IRA, paying tax on $6,000. Two years later you make a regular contribution of $2,000 to a different Roth IRA. A year after that, you withdraw $3,000 from the conversion Roth IRA.