The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Another IRA RMD Question Date:  7/21/2011  10:50 PM
Author:  ptheland Number:  113799 of 123001

After I take my RMD and pay taxes on it the after tax balance of the RMD proceeds becomes "regular" money and can't be sheltered.


After this is done can I take some MORE money from within the IRA, pay the tax on that money and then move THAT money directly from the iRA to the Roth?

Basically correct. Let me re-state your sentence. You can take more money from withing the IRA and move that money to a Roth. Any amount that you do move is taxable income.

Technically, this is called a Roth conversion. Google that term