ERHC Energy Inc (ERHE)

[robjer]

marty, I'm (and the IRS Code) is tallking about Roth's that have been in existence for more than 5 years--that's the first read on whether it's a tax-free distribution and if that's true and you're 59 1/2 everything you take out will be tax-free.

As long as your Roth is over 5 years old since its inception, it doesn't matter how long ago you made the conversion from a regular IRA. Or for that matter if you wind up with a $100,000 gain on your positions bought in your Roth in 2008--as long as Roth has been in existence for 5 years you could withdraw that $100K taxfree if you're 59 1/2

That's why I posted the IRS guidelines a few posts back.

robj