Can I pay back a RIRA withdrawal? If so, what the the deadline?

Submitted by Ron Smith on Thu, 2018-08-09 20:36

I am 73, retired around 70, and have not been taking RIRA distributions until now. Less than a month ago, I withdrew $3,000 from my RIRA and I am having second thoughts. Do I have the option of returning the $3,000 to the RIRA? If allowed, what is the deadline for returning the RIRA funds?

Thank you.

RS



Submitted by Alan - IRA critic on Thu, 2018-08-09 23:15

Providing that you did not roll over a traditional IRA distribution received in the 12 months prior to the current Roth distribution, you have 60 days from the day of receipt of this Roth contribution to roll it back to your Roth IRA. There is only one permitted such rollover for all your IRA accounts within a 12 month period.

Add new comment

Log in or register to post comments