Date: Mon, 26 Mar 2007 19:36:49 -0500
From: joetaxpayer 
Subject: Re: withdrawal process from Roth IRA
Newsgroups: misc.invest.financial-plan
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Andrew Koenig wrote:
> "joetaxpayer"  wrote in message 
> news:dcGdnXMhVsWe2ZXbnZ2dnUVZ_r2onZ2d@comcast.com...
> 
> 
>>You deposit (or convert) to a Roth.
>>The clock starts and a withdrawal must be on deposits that have aged 5 
>>years or you will incur a penalty. If after 5 years, there is no penalty, 
>>just the fact that you have depleted a retirement account.
> 
> 
> Are you sure?  My impression was that you must have held the account for 5 
> years, *and* be greater than age 59.5, but that they do not track individual 
> deposit ages.

I find the wording on some sites to be a bit ambiguous, but ever the fan 
of Fairmark, I read this;

http://www.fairmark.com/rothira/distrib.htm

which I read to mean I am correct, with the extra warning that it's only 
the deposits that come back out tax/penalty free pre-59-1/2, the 
earnings are taxed/penalized. Please take a look and let me know if I am 
misinterpreting their explanation.

JOE