- My age is 76... Roth opened in 2002. I have made two recent conversions from trad IRA: 57K tax paid but converted to Roth in 2019 and 110K tax paid but converted to Roth in 2020. For these two basis conversions in to Roth will I be subject to 10% penalty, if I take a distribution now of these two basis and all past basis (contribution & conversions) only leaving all earnings to remain in the Roth account?
In year 2025, I should be able to withdraw earnings tax free and no 10% penalty.
