Friday, December 04, 2009 3:36:01 PM
I don't have a login for ameritrade, but here are two links that you can look at to back up my claim:
http://www.money-zine.com/Financial-Planning/Retirement/Roth-IRA-5-Year-Rule/
http://www.investopedia.com/ask/answers/05/waitingperiodRoth.asp?viewed=1
In short, both say the following, which is cut from the first of the links:
"Unlike the five-year rule that applies to contributions, the five-year rule that applied to a conversion is unique to each conversion. That is to say, each conversion has its own five-year waiting period before a qualified distribution can occur."
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