I do understand there will be no Federal Income Tax, I am more concerned with trying to understand Qualified vs Non Qualified and how that will affect us in future years If we need to take any roth distributions including income / within 5 years of a conversion.
I don't think I asked that question clearly. So do I understand that to mean, that after 59 1/2 all withdrawals from Roth Iras even if converted within the last 5 years are considered Qualified? (therefore- Not incurring any tax and - not affecting MAGI?)
I am a bit unclear about Qualified and non Qualified. Does Non Qualified will affect MAGI / IRMAA? It sounds like if we won't incur any taxes the Distribution we made would be classified as Qualified? I am just not sure
Thank you for your patience with me!
