On 5/12/2021 10:06 AM, Leon wrote:
On 5/11/2021 6:54 PM, dpb wrote:
On 5/11/2021 5:39 PM, Leon wrote:
...

I learned a few days ago that RMD can be rolled over in to a ROTH IRA
with no RMD from those IRA's

Not exactly "rolled over"; you can convert, but it's not painless by
any stretch for most.

Yes, distributed, taxed, and then moved into a ROTH IRA.

And distributed ABOVE THE RMD, IF ANY is a big 'un cuz the RMD isn't
eligible and you have to take it anyways.

AND IIRC there is a limit that can be reinvested in the ROTH each year.
$7K?

That's on new contributions that have to come from current earned
income; you can convert as much as you have stomach to pay the taxes on
to do so.

....


If you're of an age that you debate buying green bananas, ...

I shoulda' done starting 30 years ago; now it's pretty painful first
bite to undergo.

--

I first IRA's were in the 80's, first ROTH, 2009 IIRC.

Hyperbole, you get the drift/intent.