Defined Benefit Plan conversion to Roth?

Submitted by Robert Kovalsky on Sun, 2010-02-21 05:16

Does a self-directed Defined Benefit Pension plan qualify for conversion to a
Roth IRA under the 2010-11 conversion rules ?

And if not, can it be done in a two step, defined benefit converted to
traditional IRA, traditional IRA then converted to Roth?

Thanks.



Submitted by Alan Spross on Sun, 2010-02-21 18:27

Either way, as long as the employee is eligible for distributions.



Submitted by Robert Kovalsky on Tue, 2010-02-23 06:21

I think I may have stated my question incorrectly.

I have a defined benefit plan for my business that is solely for myself, no employees.

Can the entire plan be terminated or converted to a Roth IRA?



Submitted by [email protected] on Tue, 2010-02-23 14:57

Yes, you can convert the distributions from a DB. You will have to check with the third party administrator (TPA) handling the plan to see when distributions are allowed and / or how to terminate the plan.



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