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Wife has a CD. Can a portion of the CD monies be used/converted to a

Posted on 2/21/17 at 10:20 am
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11432 posts
Posted on 2/21/17 at 10:20 am
traditional IRA?

Thank you.
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 2/21/17 at 11:04 am to
IRA's require a cash deposit. You would have to cash a portion of it in.
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11432 posts
Posted on 2/21/17 at 11:06 am to
Thank you
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6547 posts
Posted on 2/21/17 at 1:26 pm to
Make sure y'all have an earned income for 2016 as well.
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