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RBenford writes:

<<I did not make myself clear. I am already 64 and retired. I want to move some of my 401K into an IRA and then over to a Roth IRA. If I understand Pixy I can begin taking out any amount once the transfer to the Roth is done without tax consequences. Any earnings in the Roth are taxable when I take them out. Correct?>>

Essentially, that's correct. The first money out will be the rollover contribution money, which has already been taxed, so it comes back tax-free. When all that's gone, then you're into earnings. If you take those before five tax-years are up, then they will be taxed. If you don't get into the earnings until five tax-years have passed, then they will be tax-free on withdrawal.

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