Quote:
Originally Posted by CoachKandSportsguy
um, needs some clarity please . . oh man of few words
|
Different rules for a contribution vs. a conversion.
On a conversion, the clock starts when the funds are converted.....not when the account is opened.........if I read your post correctly.
As other poster mentioned: The 5 years starts on January 1st in the year of conversion and ends in 5 years from that point.