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Old 01-13-2022, 11:10 AM   #21
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Originally Posted by corn18 View Post
How old is your oldest Roth IRA (not 401k Roth)?
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Old 01-13-2022, 11:22 AM   #22
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Originally Posted by JoeWras View Post
Ok, so this rule applies:

OVER AGE 59.5*
Contributions: Tax-No ;Penalty-No*
Conversions: Tax-No; Penalty-No (Taxable Portion)*
Conversions: Tax-No; Penalty-No (Nontaxable Portion)*
Earnings: Tax-Yes; Penalty-No*

Go ahead and roll the 401k Roth to your Roth IRA. The earnings in the 401k Roth after you did the conversion count as earnings in the Roth IRA. Not a big deal. You can withdraw any and all contributions and conversions tax and penalty free. Since the earnings come out last, just keep them in there until 2023 when they will also be tax and penalty free.
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