Roth conversion questions

[p1g1]

@butler

As long as the conversion was 5 years prior to withdrawal, this is true.

The rule only applies to individuals under the age of 59.5. From kitces.com two 5-year rules for Roth IRA contributions and conversions:
" withdrawals within 5 years of conversion by someone who is already over age 59 1/2 are not subject to the early withdrawal penalty, regardless of the 5-year conversion rule, simply because being over age 59 1/2 itself is an exception to the penalty"

[moogleinc]

@p1g1

The rule only applies to individuals under the age of 59.5. From cta filling two 5-year rules for Roth IRA contributions and conversions:
" withdrawals within 5 years of conversion by someone who is already over age 59 1/2 are not subject to the early withdrawal penalty, regardless of the 5-year conversion rule, simply because being over age 59 1/2 itself is an exception to the penalty"

Thanks for clarifying! It’s great to know that the 5-year rule doesn’t apply to those over 59.5 for penalty purposes. Always good to double-check the specifics, especially with Roth conversions. Appreciate the insight!