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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122466  
Subject: Re: Roth early distribution penalty questions Date: 12/1/2009 3:11 PM
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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 Thus, up to $50,000 can be withdrawn without tax or penalty. Anything over $50,000 represents earnings and is taxable without penalty if withdrawn before 2014.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.

Phil
Rule Your Retirement Home Fool
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