The Five Year Clock Doesn't Apply if You're Under 59 and a Half

The five year clock exists on each conversion that is done. People used to convert moneys from iras to rothiras, and then the next year they would pull the money out and avoid the ten % penalty rate. They paid their tax its inna roth its after tax dollars. And a rothiray its fiful tax treatment. So it was a work around that people could say, all right, while i converted this, i paid the tax, now i'm going to take the money ot and avoid the 10% withdrawal penalty. If you do a conversion under 59 and a half, you have to wait five years, or 59 and ahalf, basically