I am thinking about converting my IRA to a Roth IRA but due to tax consequences, must do it slowly over several years. I am over 60 years old and retired. If I convert some of it in the 2022 tax year, some of it in the 2023 tax year, some of it in the 2024 tax year, and so on, does the 5 years start counting 1/1/2022 regardless of when I do the conversion? Or would I have to wait 5 years to take out the 2022 conversion, and 5 years from the date I converted the 2023 amount, and so on? Or does none of this matter because I am over 60 so I can take out any of them at any time? I thought the rules for converted Roth funds is different than regular contributions when you are employed. I am getting a lot of conflicting information about this so I'm hoping you can clarify.
