Plans for IRAs in 2018
Have 3 small IRA accounts i.e. A, B, and C and would like to know if I could make the following moves.
#1 At a/c A Early in JAN remove RMD just for a/c A and do ROTH CONV
#2 At a/c A Later in year distribute enough to satisfy RMD for a/c B and C
#3 At a/c C Anytime after step 2, complete Roth CONV
Thank you
Permalink Submitted by Alan - IRA critic on Thu, 2017-12-14 03:21
Permalink Submitted by CARROLL WILLIAMS on Thu, 2017-12-14 03:56
Thank you Alan for the quick answer.
Permalink Submitted by FRANK HOURANI on Mon, 2018-01-15 23:38
I would like to ask a personal question about my IRA traditional account saving haw I can use part of it for a down payment on buying a new home as a first time buyer without paying much taxes on the drawn amount what shall I do I appreciate your help I am 70+ years old still working, I got the books ofMr Ed Slott’s recently but they don’t explain what to do to be exempted from taxes if you draw an amount of a traditional IRA accountThanks a lot for your prompt reply and outstanding support to the seniors like meBest regards and God blessFrank Hourani
Permalink Submitted by Alan - IRA critic on Tue, 2018-01-16 00:33