I am well under age 59.5 and have done some Roth conversions in the past couple years. Based on the 5-year rule, I will be able to access all of that penalty-free no later than 1/1/19. However, I'd like to actually start a SEPP on the Roth IRA later this year or next year, if possible. I'm just not sure if I can do that when a portion of the Roth IRA is composed of amounts that have not yet met the 5-year requirement.
Based on other discussions I've seen here, when someone has an IRA with SEPP and converts the whole thing to Roth, they just need to keep going with the SEPP and it seems like the pre-existing SEPP exception to 10% penalty overrides the normal 5-year conversion wait. Is that accurate? If so, would the same logic apply to my scenario.