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Can you convert a Roth IRA to the new Retirement Savings Account (RSA) or Lifetime Savings Account (LSA)?

Guest ENDER

By Guest ENDER
in IRAs and Roth IRAs

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Guest ENDER

Guest ENDER

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Can you convert a Roth IRA to the new Retirement Savings Account (RSA) or Lifetime Savings Account (LSA)? If so, how would it be done and would there be any drawbacks to doing so?

david rigby

david rigby

Posted
Posted

I believe the RSA and LSA concepts are merely proposals.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

  • 3 weeks later...
Guest wayray69

Guest wayray69

Posted
Posted

At this point RSA's are not law.

  • 2 weeks later...
dh003i

dh003i

Posted
Posted

They are both merely proposals, unfortuantely. Hopefully, they'll be on the books soon.

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