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Can I convert monthly income from a government pension , a defined benefit plan, to a Roth IRA ?

 
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3 Replies

Can I convert monthly income from a government pension , a defined benefit plan, to a Roth IRA ?

No.  Contributions to either a Traditional IRA or a Roth IRA have to made using taxable compensation.  Pension payments are not taxable compensation.

Can I convert monthly income from a government pension , a defined benefit plan, to a Roth IRA ?

@DoninGA 

a Conversion doesn't require any earned compensation.

 

HOWEVER,

The money coming from a pension is considered all RMD.

You can't put RMD back into an IRA.

Can I convert monthly income from a government pension , a defined benefit plan, to a Roth IRA ?

@fanfare Thanks...

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