Kosovo is a self-declared country in southeastern Europe. It was a province of Serbia until 2008, when the people of Kosovo declared their independence. Pristina is the capital of Kosovo. Formerly a province of Serbia, Kosovo is a self-declared independent country in the Balkans region of southeastern Europe. The vast majority of Kosovoâs people are ethnic Albanians, who are predominantly Muslim.
To make qualified distributions from a Roth IRA, you must be at least 59Â½ and it must be at least five years since you first began contributing. And if you converted a regular IRA to a Roth IRA, you can't take out the money penalty-free until at least five years after the conversion.
Here's how it works: 1  Open a traditional IRA with your IRA custodian of choice. 2  Make a fully nondeductible contribution to your traditional IRA. 3  Next, convert the traditional IRA balance into a Roth IRA.  Repeat this process every year that your MAGI is too high to allow you to make a direct contribution to your Roth IRA.