IRA to Roth
A 63 year male just withdrew $30,000 from his IRA. He has already cashed the check . He has now decided to put the funds into his Roth Account. Does he have a 60 days window to deposit the funds into his Roth account.
A 63 year male just withdrew $30,000 from his IRA. He has already cashed the check . He has now decided to put the funds into his Roth Account. Does he have a 60 days window to deposit the funds into his Roth account.
Permalink Submitted by Alan - IRA critic on Tue, 2017-10-24 23:00
Yes, he can convert to a Roth IRA within 60 days of receipt of the distribution.