dmertz
Level 15

Retirement tax questions

You said, "I meet the age requirement."  If by that you meant that you are over age 59½, 5-year conversion clocks no longer apply since 5-year conversion clocks are only used to determine whether or not a 10% recapture penalty applies; there is no recapture or early-distribution penalty after age 59½.

 

Being age 59½ and having been more than 5 years since the beginning of the year for which you first made a Roth IRA contribution (which can also be a conversion contribution) means that any regular distribution is a qualified distribution, tax- and penalty-free.