Level 7

Retirement tax questions

SweetieJean, thanks for the correction.  MRD's cannot be rolled over to another tax-advantaged account, so only up to a max of $6,500, and no more than bhananice actually earned from working in the current tax year (and not the year(s) the money was put into the traditional IRA originally) of that money could only be contributed to a Roth IRA. She/he is still welcome to convert part or all of any remaining traditional IRA balance to a Roth IRA, reporting, of course, additional income beyond the MRD.