The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/blacktreechaser-ltltltquotcouldnt-you-31062868.aspx

Subject:  Re: Are IRA mandatory withdraws Earned Income? Date:  1/12/2014  12:58 AM
Author:  JAFO31 Number:  119830 of 121219

blacktreechaser:

<<<"Couldn't you just convert the money in your Traditional IRA into a Roth without worrying about having earned income or not?">>>

"Correct, I could. If I knew I was going to live for quite a few more years, and I was going to get a good average return in my IRA, it would be worth it.

But, I'd sure hate to convert it all, pay a big tax bill, and drop dead the next day."


Why (tax reasoning, and apart from the obvious that most people do not want to drop dead anytime)?

Curiously, JAFO
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us