Full distribution of converted Roth IRA after 59 1/2

If Jane originally contributed to a Roth IRA at age 45, and at 60 she converted a pretax IRA into the same Roth, could she take a distribution of the entire Roth IRA at 61 without taxes and penalties? Or does she have to wait five years after the conversion?



There is no waiting requirement in this situation. All distributions are tax and penalty free. Also, it does not matter which Roth account received a conversion, since all Roth accounts are treated as one combined account with respect to taxes on distributions. 



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