RMD to Roth Contrib?
We have a client who is RMD age and still working. He wishes to take his RMD and contribute as a current year contribution to his Roth IRA. Is that allowed?
We have a client who is RMD age and still working. He wishes to take his RMD and contribute as a current year contribution to his Roth IRA. Is that allowed?
Permalink Submitted by Alan Spross on Wed, 2012-04-25 20:32
Yes, as long as the Roth contribution is made as a regular contribution and not a rollover contribution, and client is otherwise eligible to make that Roth IRA contribution.