457B Top Hat Plan and Roth conversion
Client is 75 and in RMD phase. Has a 457B Top Hat Plan. We can’t roll this to a self directed IRA given the rules, but wondering if after the RMD is satisfied, if he can take a distribution and convert to his Roth IRA?
Permalink Submitted by Alan - IRA critic on Thu, 2024-02-01 21:27
No, since a conversion is a distribution and rollover and such plans are not eligible for rollover to plans other than another top hat plan.