Is a Roth IRA Conversion Allowed When a Retiree Is Turning 70½?

There’s no age limit for doing a Roth conversion, says Jeffrey Levine, chief retirement strategist for Ed Slott & Co. in Rockville Centre, N.Y. You could do one at age 90 if you like. Yet converting a traditional individual retirement account, whose tax-deferred contributions are taxed when withdrawn, into a Roth IRA, whose contributions are taxed on the way in but not the way out, isn’t for everyone.

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Written By: Elizabeth O’Brian

Published BY: Time.com

December 8, 2016 In: Financial Articles Comments (None)