Under 65 the IRS assesses a 10% penalty on TIRA distributions, but your conversion to a Roth is not considered a distribution so no penaltyYou can also withdraw from a TIRA penalty free at any age using the "substantially equal periodic payments" (SEPP) rule.See: http://www.retireearlyhomepage.com/wdraw59.htmlOTOH, if you don't need the money, I'd say it's a good idea to convert it to a Roth up to the 25% tax rate.-murray Murray is correct about SEPP, but the OP's quoted statement about "under 65" is not correct. The age at which the 10% early withdrawal penalty is not longer applicable is 59 1/2.
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