70 1/2 IRA with RMD’s roll to Company 401k?
Once and IRA starts doing RMD’s can the remaining balance be rolled over directly to a company 401k if still working and then eliminate the IRA. Just curious. Thanks! Phil
Once and IRA starts doing RMD’s can the remaining balance be rolled over directly to a company 401k if still working and then eliminate the IRA. Just curious. Thanks! Phil
Permalink Submitted by Alan - IRA critic on Wed, 2018-04-25 17:59
Yes, the IRA RMD can be eliminated by rolling it into a 401k that is not yet subject to RMDs. However, in the year of the IRA to 401k rollover, the IRA RMD must be completed first.