First RMD

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Good Listener
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Joined: Wed Dec 30, 2015 5:24 pm

First RMD

Post by Good Listener » Sun Jul 16, 2017 3:33 pm

I hope I articulate this clearly.

I am several years away from RMDs but am doing some tax planning. I am in the process of converting my tIRA (pre-tax) to a Roth to the top of a bracket. I probably won't be able to get it all done by the time I have to take RMDs. I know one must take the 1st RMD in the year one becomes 70.5, but can actually delay that if they take it by April 15 of the next year (and also take another RMD for that year).

If one does not take the 1st RMD in the year he/she becomes 70.5, can the person convert the entire balance to a Roth that year and hence never take the RMD? Or must it be taken the following year if not that year?

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Location: Cleveland, OH

Re: First RMD

Post by sport » Sun Jul 16, 2017 3:44 pm

No. Once you are subject to RMD requirements, the first withdrawals from the IRA must count towards the RMD. RMD money is not permitted to be converted into a Roth. Once the RMD is complete, then any remaining money can be converted.
Last edited by sport on Sun Jul 16, 2017 3:45 pm, edited 1 time in total.

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