You cannot make regular IRA contributions starting in the year you will reach 70.5.  That leaves a rollover from a qualified plan such as a 401k or 403b the only possible source to increase your IRA balance. Note that your age 70.5 IRA RMD can be deferred to 4/1 of the year following the year you will reach 70.5 and that presents the opportunity for more time to correct the liquidity problem. If you have an illiquid investment that cannot be sold, you may be able to transfer shares of that investment out of your IRA to a taxable brokerage account. That would satisfy your RMD without selling the investment.

• Flag as spam
• Log in to Reply