post age 70 1/2 Roth conversion and qual distributions
What is the waiting period, if any, of taking tax free qualified distributions from a Roth that was converted post age 70 ½?
How soon can both basis and future gain be taken tax free without penalty?
Permalink Submitted by Alan - IRA critic on Sat, 2015-01-24 22:51
Distributions will be tax free up to the amount converted (up to all contributions made). Earnings come out last and will not be tax free until 5 years has passed from the first Roth contribution. This should not be a problem since the contributions will compose the vast majority of the account values and come out first.