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If I did a Roth IRA conversion and am over 59 1/2, what facts have to be present so that all converted funds are not subject to tax or penalty?

For no tax or penalty to apply on distributions of Roth IRA funds, two things need to happen.

  1. The Roth IRA holder must be over the age of 59 1/2, AND
  2. The Roth IRA account must have been opened for at least 5 years.For more information on the self-directed Roth IRA LLC, please contact a Roth IRA expert at 800-472-0646.
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Posted in IRA Category