457 plan, Roth conversion AND RMDs
Retired individual turns 72 this year and has money in a 457b plan. 457 account balance is divided equally between pre-tax and Roth dollars.
They are considering Roth conversion, and was told by someone at the deferred comp program that the total (Roth & pre-tax) is subject to RMD, but they could roll the Roth portion into a Roth IRA to avoid it becoming part of the RMD.
Seeking clarification on his options please…must he take the RMD first before doing a Roth conversion, and was he given the correct information regarding his RMD being from both the Roth & pre-tax and if so can he roll the Roth portion into a Roth IRA and have it avoid being included?
Permalink Submitted by Alan - IRA critic on Thu, 2022-06-23 23:32