The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/are-mandatory-ira-withdraws-quotearned-income-31061143.aspx

Subject:  are mandatory IRA withdraws "Earned Income& Date:  1/10/2014  6:01 PM
Author:  blacktreechaser Number:  74071 of 98511

Please don't laugh right away...give this about 10 seconds of thought first.

Maybe IRS has already ruled on this, or maybe its been mentioned on the board before.


Soon I'll have to make mandatory withdrawals from my Traditional IRA due to hitting age 70 1/2.

When I made my contributions in my working years into my Trad IRA, it was from Earned Income dollars. Thus, one could say that a portion of the money I begin to withdraw is just "Deferred Earned Income".

So, would I be allowed to claim that percentage of my mandatory withdrawal as "Earned Income", and be allowed to put it into a Roth IRA?
It makes sense to me that I would be allowed that option.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us