RMD Rollover
OTHER THAN GIVING REQUIRED MINIMUM DISTRIBUTIONS (RMD’S) TO CHARITABLE ORGANIZATIONS, IS THERE ANY WAY TO ROLLOVER RMD’S FROM I.E. 401K PLANS AND/OR TRADITIONAL IRA’S AT 70 1/2 YEARS OF AGE TO AN ANNUITY OR ANY OTHER INVESTMENT VEHICLE WITHOUT HAVING TO REPORT THE DISTRIBUTION AS INCOME ON YOUR TAX RETURN. I DO NOT NEED TO USE THE MONEY UNLESS IF AN EMERGENCY CROPS UP.
Permalink Submitted by Alan - IRA critic on Thu, 2019-05-16 01:00
Not possible. An RMD is never eligible for rollover. If rolled over it is still taxable and becomes an excess contribution to the IRA that received the rollover. And since a Roth conversion is actually a rollover, a conversion cannot be completed until the RMD is completed. Then the conversion would be taxable in addition to the RMD.