I Don’t Need My IRA Distributions, What Next?

A Reader of Ask NJ Money Help asked:

I take Required Minimum Distributions every year, but I don’t need the money. How can I decide if I should convert the IRA?

The short answer is you could be a candidate for a Roth conversion, but it depends on several issues.

Read the full answer here.

This question and answer originally appeared on NJMoneyHelp.com in the Ask NJ Money Help column. Howard Hook is a recurring contributor.

Comments are closed.

Up ↑

%d bloggers like this: