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I'm 62 With $1.5M in an IRA. Should I Move $150k Annually to a Roth IRA to Reduce RMDs?
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Yahoo Finance
A 62-year-old with $1.5 million in a traditional IRA may be wise to consider converting $150,000 per year to a Roth IRA to avoid required minimum distributions (RMDs).
Strategic Roth conversions allow you to distribute RMD-susceptible IRA money into accounts that aren’t subject to RMDs.
Roth Conversion StrategyA Roth conversion is a way to avoid RMDs and preserve tax flexibility in the future.
A Roth IRA can provide a way out.
Roth accounts aren’t subject to RMD rules and funds within an IRA can be converted into a Roth account.
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