Minimum Required Distribution & ROTH

Submitted by Patti Frazier on Sat, 2010-07-24 22:53

I will be forced to begin taking Minimum Required Distributions soon. Can I transfer that distribution to my ROTH after paying the tax?

Thanks.



Submitted by Anonymous (not verified) on Sun, 2010-07-25 01:23

The money you receive from the RMD becomes just regular after-tax money. So you can take that money and use it only to make a Roth [u]contribution[/u]. That ofcourse implies you qualify = you work and have earned income. The RMD itself can never be rolled/transfered over to the Roh. You are free to convert any amount to the Roth after you satisty your annual RMD.

pko

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