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Is a Roth IRA subject to maximum limitation of its FMV and is it subje


Guest FIFO_kid

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Guest FIFO_kid
Posted

I am single 36yr old and the value of my Roth IRA has ballooned from the boom in technology stocks. I converted it 2 years ago at 176K to pay for the conversion I sold a principle residence at a gain and moved into a smaller place.

What is the maximum limitation to the value a Roth can be worth and will it be subject to excess distribution taxes and will my taxable 401 K be included in the calculation?

Posted

There are currently no limitations.

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Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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