Quote:
Originally Posted by JohnN
I did the same thing, that's the way to go, convert it to an IRA. Eventually you will need to make withdrawals, when you do , if you don't need the $$$, put it into a Roth IRA. That way you can keep it invested and it's tax-free from that point on - after you pay taxes on the amount you convert of course.
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Normally, you can do a ROTH conversion with Traditional IRA money. But, if it is an RMD withdrawal, you can't put that money into a ROTH IRA.