via Wall Street Journal

The wait is over. Five years ago, the number of Roth IRAs boomed after the Internal Revenue Service eased rules for creating Roths with money held in traditional IRAs. This year, droves of investors who did conversions in 2010 have reached the end of the five-year waiting period and so can qualify to tap their Roths without penalty or taxes—as long as they follow IRS rules.

It’s important to have a strategy, financial advisers say, especially when an investor has more than one type of retirement account—say, a 401(k) or a traditional individual retirement account in addition to a Roth. For example, delaying Roth withdrawals could help smooth the tax impact of distributions people must start taking from traditional IRAs after age 70½. Also, a Roth left untouched for years could become a significant legacy for heirs…

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