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re: 401K mandatory withdrawal, what to do with money?
Posted on 1/4/18 at 12:51 pm to baldona
Posted on 1/4/18 at 12:51 pm to baldona
Dunno
quote:
IRS rules prohibit putting your RMD into another tax-advantaged retirement account. But you can convert the remaining portion of your traditional IRA assets to a Roth IRA, though it will mean paying more taxes. “You just have to satisfy the RMD requirement before you do a Roth conversion,” says Mingone. (If you aren’t working and receiving earned income, you can’t make a contribution to a Roth but once the money is in a traditional IRA, you don’t need to have additional earned income to move the money to a Roth IRA.)
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