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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: Re: How To Invest Parents Money Date: 9/10/1999 6:42 PM
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BGP asks:

<<Is this ability to roll an IRA to a ROTH available if mandatory distributions have begun? >>

Yes, it is with one restriction beyond the $100K AGI limit. The minimum required distribution must be taken for the year before the entire IRA may be converted to a Roth IRA.

<<Also for folks over 70 1/2 that roll an IRA into a Roth are there any limitation on how much or when they can withdraw funds?>>

After the money is in a Roth IRA no further distributions are required. Thus, the owner may take as much or as little as she wants. If she wants to let it grow and take nothing, she can do that.

Regards..Pixy
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