Roth IRAs

Rollovers and Inherited IRAs: Today’s Slott Report Mailbag

Question 1: I have a very simple ROTH IRA question. I borrowed money from my ROTH IRA with the intention of paying it all back in 60 days. To avoid any penalty, must I make one repayment of all the money I borrowed? Or, can my repayment be made in two parts, all within the sixty days?Question 2: Am I allowed to convert my inherited Traditional IRA to a Roth IRA?

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