"Even though you are over 59 1/2 and you've had a Roth IRA for well more than five years, you could still be subject to penalties and taxes if you were to withdraw so much that you exhausted your contributions (part 1 of your slide), your conversions (part 2 of your slide), and earnings on your contributions (an invisible split on part 3 of your slide). If your withdrawal exceeded all of that and was high enough to require withdrawing earnings on conversions (the other side of the invisible split in part 3), then you could be subject to penalties and taxes on those earnings, if the conversions weren't at least five years old."
Not true. Since Dan S9 is over age 59½ and it has been more than 5 years since the first year for which Dan S9 first made a Roth IRA contribution (1999), any distribution taken now from Dan S9's Roth IRAs is a qualified distribution, free of tax and penalty. After age 59½ there is no waiting period for conversions.
