Hello:

I am 66. If I rollover my 401K into a traditional IRA today and then convert it to ROTH IRA the very next day, can I hypothetically withdraw the amount tax free a day after (excluding earnings, which probably will be miniscule)? My assumption is, it has not gained anything in a day, and the five-year waiting rule does not apply. Yes, I have a ROTH account at the financial company where I will be doing this, and this account has been there for well over 5 years. Am I following the rules?

Thanks