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This is very confusing. But when you withdraw money from a Roth there are a couple fazes.

1) The first $ out are your contributions. These may be withdrawn at any time. There is no waiting period.

2) Once your contributions have been exhausted, you start withdrawing monies from an IRA conversion. These monies can only be withdrawn after your account has been open for five years, or you will have to pay a penalty. After the five years you can withdraw the money at no penalty.

3) The last batch is your earnings. Which can be withdrawn only for the specific purposes and after the five year period.

The clock starts when the Roth account is created.

jbw
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