1.25 Taxes, IRA Contributions and A Viewer Question
03/15/21 • 12 min
Can I convert my Required Minimum Distribution (RMD) to a Roth IRA and satisfy the RMD requirement in the same tax year?
Can I convert my Required Minimum Distribution (RMD) to a Roth IRA and satisfy the RMD requirement in the same tax year?
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Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. A Roth Conversion is a taxable event and may have several tax-related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. 849046-3/21
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