Asked by Derrell  |  Submitted April 17, 2017

Can I place money from my RMD into my Roth account? I will have income from a pension and a side business as well.

My first RMD's will begin in 2017.

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  Answers  |  1

June 26, 2017

Hi Derrell
IRS rules prohibit putting your RMD into another tax-advantaged retirement account. Have you considered converting the remaining portion of your traditional IRA assets into a Roth IRA? This may help you avoid future RMD’s. Taxes may apply.

Here is a link to IRS pub 590B for more information.
https://www.irs.gov/publications/p590b/index.html

Also, contact us directly to discuss efficient cash flows from your side business and your pension. No obligation.

It’s not what you make; It’s what you keep that determines your lifestyle.




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