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I could have half a dozen Roth IRA accounts with various brokers and as far as the government is concerned it’s treated just like it’s one big honking IRA.


If I opened my first one ten years ago and my last one ten minutes ago and I’m 60 years old it doesn’t sound like I need to worry about the five year rule because my big honking group Roth IRA is already “old enough”.

Again correct. Although for completeness I'll point out that there are two different 5 year rules: one for conversions and different one for earnings. Given the facts you presented, both have been met.

And if it’s old enough do I really care whether the money coming out is from donations, conversions or rollovers because they’re all tax free?

Nope. You no longer care in that situation.

I will also point out that if you open your very first Roth IRA at, say, age 58, you can't take tax free withdrawals of earnings until you are 63 years old. Penalty free withdrawals from conversions would be OK, though.

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