SHA

Im the investor......retired attorney(thus the skepticism)

Im still so scared and worried about the 10% if I take a distribution...

I Really want to believe you but so much general literature says there is a five year "waiting" period to avoid the 10%. Can you possible provide authority for this matter?

Someone age 65 retired from two local governments and has two 457(b) plans and is desirous of converting the two plans to after-tax. The individual initially funded unrelated Roth IRA's way back in 2008 when Roths first came into existence. Despite the huge tax hit to convert/rollover the accounts to after tax-If the distributions could be taken within five years with no 10% penalty. O is there in fact a five hear holding period to eliminate any money being subject to the 10% tax?