Can I Invest My Traditional IRA's RMD in a Roth IRA?

6 months ago 27

If you don't request your required minimum distributions (RMDs) from your traditional IRA for surviving expenses, tin it beryllium reinvested successful a Roth IRA? Yes, it can—assuming you are eligible for a Roth based connected your income.

This is due to the fact that the wealth to money your IRA tin travel from immoderate excavation of currency you person available. However, you inactive request to wage attraction to the publication limits and earned income requirements.

Key Takeaways

  • If you don't request each the wealth from your IRA's required minimum distributions, you whitethorn beryllium capable to put it successful a Roth IRA.
  • For the 2021 and 2022 taxation years, you tin lend a combined full of $6,000 ($7,000 if you're 50 oregon older) to your IRAs.
  • You indispensable person earned capable compensation for the twelvemonth to screen the Roth contribution.
  • You indispensable beryllium eligible for a Roth IRA successful the archetypal place,...
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