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Conversion to Roth IRA with DB Trust for Grandchildren as Beneficairies


Guest Paul Cheverton
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Guest Paul Cheverton

Has anyone done an analysis they can share or have you seen an article on the conversion of a regular IRA to a Roth IRA (or a large portion of the IRA being converted) with the conversion amount not included in the AGI Calculation with the intension of a using Designated beneficiary trust (probably a conduit trusts) as the beneficiary with only grandchildren as the trust beneficiaries. Key is individual being able to get into the AGI limit in the year of conversion (possibly first year of retirement) and other assets being used to pay the income tax on the conversion. Idea is convert an amount the IRA owner will not need in retirement and to get the longer tax deferral available to the grandchildren.

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