Is this the correct answer to any thing over $50,000. That you don't have to wait 5 years? For it not to be tax.Reread the question and answer. OP converted $50,000 in 2009 and is over 59 1/2. Thus, up to $50,000 can be withdrawn without tax or penalty. Anything over $50,000 represents earnings and is taxable without penalty if withdrawn before 2014.Change any of the facts as stated in the OP and you may wind up with a different answer.PhilRule Your Retirement Home Fool
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