Roll over IRA

Submitted by Steph Lo on Mon, 2019-04-08 20:09

Hello,
If funds are placed into a TIRA in September this year and there was a previously completed back door Roth conversion in April this year, will rolling over the funds from the TIRA to a non-IRA account before the end of this year, i.e.: in September, circumvent the pro-rata rule? Can this be done any time or is there an optimal time? Can this be repeated yearly without causing issues?

Are there any issues with rolling over funds back and forth from an annuity and a TIRA?

Thanks.
Steph



Submitted by Alan - IRA critic on Tue, 2019-04-09 01:36

  • As long as there are no pre tax dollars in any SEP , SIMPLE, or TIRA account on 12/31, any conversions or distributions done that year up to the amount of IRA basis will be non taxable. Rollovers into a non IRA account can be done anytime in the year. A back door Roth process can be repeated annually.
  • Funds cannot be rolled between an IRA and a non qualified annuity, and an IRA annuity is treated like any other IRA account.

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