ERHC Energy Inc (ERHE)

[robjer]

marty, I understand, but I think you keep thinking that each conversion resets a 5-year clock.

That 5-year clock is only set once-- on the date you first open the Roth IRA--in my case the very first year (1997) they were available. So it doesn't make any dffernce that I only converted my two biotechs in the Fall of 2009--when I reach 59 1/2 in a couple years anything I withdraw from there will be tax-free.

Again, as the IRS site I linked to says, It's the length of time your Roth has been opened not how long ago anything was converted.

Now if you're talking about just starting a Roth today and converting from a regular IRA today, then it's going to take 5 years until your wirthdrawals are taxfree--I know it might be four depending if you start the Roth before April 15 and you get to count it like you started it in 2009