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Age 70 1/2 Rule


Guest widower

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Guest widower
Posted

I was b Aug 1932. Which of the following dates is the

latest date for me to transfer my traditional IRA to a Roth? Dec 31,2002 or Jan 3, 2003.

Posted

There is no age limitation on converting to a Roth. The only factor to consider is that once you reach your 70½ year you have to take your minimum distribution before you can convert to the Roth.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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