Taxability of Roth IRA money after age 59.5 if Roth account is older than 5 years but conversion was less than 5 years ago.

[Questionasker]

If age 59 1/2 and Roth account has been open for 5+ years, and money from a Roth conversion is withdrawn within 5 years of it's conversion to the Roth is that money tax and penalty free?

Example: $50,000 in Roth IRA (which was opened 5+ years ago). If $10,000 of that amount was converted from a Traditional IRA to that Roth IRA 2 years ago, can all of the money in the Roth IRA be withdrawn tax and penalty free now?  Or is any part of the money in that account subject to tax or penalty due to conversion less than 5 years ago?

[twomittzmom]

You can always withdraw your Roth contributions tax free.  It is the earnings and penalties which can cause issues.  Here is a article I found that is very informative regarding the various 5 year rules for Roth IRAs:

https://www.investopedia.com/ask/answers/05/waitingperiodroth.asp

[dmertz · Accepted solution]

You have met the requirements for qualified Roth IRA distributions, so any regular distribution from your Roth IRAs, including distributions that include basis in recent conversions, is free of tax and penalty.  There is never a penalty on distributions made after age 59½.