cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

I am age 61 and retired. Can I convert $10,000 from a traditional IRA to a Roth IRA without penalty?

 
1 Best answer

Accepted Solutions
Level 20

I am age 61 and retired. Can I convert $10,000 from a traditional IRA to a Roth IRA without penalty?

No penalty, but you will have to pay the normal tax on the distribution/conversion.

1 Reply
Level 20

I am age 61 and retired. Can I convert $10,000 from a traditional IRA to a Roth IRA without penalty?

No penalty, but you will have to pay the normal tax on the distribution/conversion.