Will Your Retirement Savings Last Until You're 90 Years Old? - 402
Your Money, Your Wealth
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What's the Five Year Clock?
After 59 and a half, the only five year clock is if you didn't have any Roth for five years. Then they're also in the five year clock kind of disappears. And how the IRS looks at this is that what comes out first is going to be fivefold from contributions. So it's four tiers. But that's what it states in the old rule book. The answer there is no. No, no, just continue to convert. If he wants to pull the money out prior to 59 and aHalf then that's where he's going to have the issues. He says he doesn't need the money. So don't worry about it.
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