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Retirement tax questions
Since you are over age 59-1/2, you can ignore the 5 year rule for conversions. That rule states that a 10% penalty for early withdrawal must be paid for conversion amounts that are withdrawn in less than 5 years. But the 10% penalty for early withdrawal is never applied after age 59-1/2, so the rule no longer applies to you.
‎December 7, 2023
12:00 PM