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Financial Planning / Tax Strategies
|Subject: Re: Another IRA RMD Question||Date: 7/21/2011 1:35 AM|
|Author: 0x6a74||Number: 113780 of 122553|
I must be overlooking wherever this is spelled out.
No, you aren't, because you cannot convert an RMD from a traditional IRA to a Roth IRA.
there must be a reason for this..but i don't see it. Any ideas?
You are allowed to convert some of your remaining traditional IRA, but you would owe additional taxes on this conversion.
part of why i'm converting bits now, to minimize (a bit) RMDs when i get there.
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