2009 IRA Rollover
I am looking to clarify if an IRA owner can rollover what would have been their RMD for 2009? If they have a $25,000 RMD can they roll that figure out into another invesment as an IRA?
Thanks.
I am looking to clarify if an IRA owner can rollover what would have been their RMD for 2009? If they have a $25,000 RMD can they roll that figure out into another invesment as an IRA?
Thanks.
Permalink Submitted by Alan Spross on Tue, 2009-04-14 17:23
Yes. Since there is no 2009 RMD, the first TIRA distributions for 2009 can be rolled over, or converted to a Roth IRA if income limits allow. Some automatic distributions were not stopped in time because WRERA was not signed until 12/23/08. But beware of the one rollover limitation per IRA account over a 12 month rolling period.