The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Convert to Roth vs Distribution and straight con Date:  3/21/2013  6:07 AM
Author:  pincsnail Number:  118095 of 127637

I have a couple small IRAs (about $4500 total) that I want to close. I plan to make a Roth contribution also. For simplicity I was going to just take as a taxable distribution and separately make a contribution to the Roth for the full allowable amount. Is there any benefit to rolling them into the Roth instead? Seems like the taxes would be the same. Another question, with a rollover could I also contribute the full amount too and thus increase my Roth by more?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us