MW-GE284_grandp_MG_20180223111413.jpg

Retirement Weekly: Am I too old to take money from my IRA and put it into a Roth?

This post was originally published on this site

Q.: I read somewhere that you could take money out of your IRA and put it into a Roth after you begin RMDs. Is this possible if you are drawing a pension and not working?

—Paul

A.: Paul, converting money from a traditional IRA to a Roth IRA is allowable at any age. Whether you are working, receiving a pension, or any other income is irrelevant to whether you may convert.

To continue reading, please subscribe. Already a Subscriber? Log in