Contribute to Roth same year client took RMD?
Have a client that worked four or five weeks into the year, I need to know with his earned income for the year, Can he contribute to a Roth in the same year he took an RMD?
Have a client that worked four or five weeks into the year, I need to know with his earned income for the year, Can he contribute to a Roth in the same year he took an RMD?
Permalink Submitted by Alan - IRA critic on Thu, 2021-03-25 21:29
He can make a Roth contribution using his earned income as long as his MAGI is not too high to qualify. His RMD is part of his MAGI, but does not otherwise affect his ability to make regular contributions.