No. of Recommendations: 1
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.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.