Required Minimum Distribution Options

[Guest lhh61]

Hello,

I am 67 and haven't drawn any of my IRA. Can I still do a Roth conversion? Can I still do a Roth conversion after age 70-1/2. If so, can it include the required minimum distribution, or only amounts in excess of the required minimum distribution?

I have been looking for a substantial set of IRA and Roth rules on the WWW. Please point me to something that goes beyond the basics.

Thanks for your help.

lhh61

[saabraa]

You can still do Roth conversion. Once you get to the year that age 70 1/2 is attained, only amounts in excess of the required minimum distribution can be converterd. See final regulations on Roths; I googled "T.D. 8816." Conversions are discussed in Q and A format at section 1.408A-4. Q and A 6 answers the required minimum distribution question.

[Guest lhh61]

Thank you saabraa. That was a very clear answer. Thanks also for the reference to regulations.