Converting a Traditional IRA to a Roth in Retirement
You can convert money to a Roth no matter how old you are. But if the conversion boosts your income, it could have taxing consequences.
I read your article about contributing to an IRA after age 70½. I know I can't contribute to a traditional IRA at that age, but can I still roll over money from a traditional IRA to a Roth? Do I need to have earned income?
There's no age limit or income requirement to be able to convert a traditional IRA to a Roth. You must pay taxes on the amount converted, although part of the conversion will be tax-free if you have made nondeductible contributions to your traditional IRA. Once the money is in the Roth, you'll be able to take tax-free withdrawals (you may have to pay taxes on any earnings withdrawn within five years of the conversion, but only after you've withdrawn contributions and converted amounts). See Tax Rules for Roth Withdrawals for more information.
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