ERHC Energy Inc (ERHE)

[Random_K9]

robjer-

You are incorrect - you are reading the part that does not cover conversions, but rather qualified distributions from those Roth contents funded by regular contributions.

In the IRS document for which you posted the link, go to the heading "Additional Tax on Early Distributions" and, just a few lines later, to the heading "Distributions of conversion and certain rollover contributions within 5-year period." There you will see clearly stated that each conversion has its own five year waiting period, starting from the first day of the year in which the conversion is done.

It does not matter whether a conversion is done into an existing Roth or a new one; all Roths you own are aged from the day you create the first one. But again, each conversion has its own five year waiting period, apart from the Roth's age, for tax-free earnings withdrawal, and distributions may even be subject to a 10% IRS penalty if withdrawn under certain conditions before that time.