Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
At age 70-1/2, can I use my required distribution from my regular IRA, on which I will pay taxes, as a conversion to my ROTH?
Print the post Back To Top
No. of Recommendations: 0
At age 70-1/2, can I use my required distribution from my regular IRA, on which I will pay taxes, as a conversion to my ROTH?

No. The required distribution must be completely removed from any IRA account. You can convert additional funds from your traditional, and the RMD doesn't count against the AGI limit for conversions.

See IRS Publication 590.

Phil
Print the post Back To Top
No. of Recommendations: 1
At age 70-1/2, can I use my required distribution from my regular IRA, on which I will pay taxes, as a conversion to my ROTH?

No. The required distribution must be completely removed from any IRA account. You can convert additional funds from your traditional, and the RMD doesn't count against the AGI limit for conversions.

See IRS Publication 590.

Phil


And to that I shall add that 'you do not need to reach 70-1/2 years before starting rolling over IRA into Roth'.

TB
Print the post Back To Top