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.

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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