Age 59 ½ is the magic age at which you can start taking distributions from retirement accounts without a penalty. This listener is wondering if he can convert part of his IRA to a Roth IRA even though he’s not 59 ½. And if he goes ahead with the conversion, will it be subject to the 10% penalty? Listen to this episode to find out.
You will want to hear this episode if you are interested in...
- [1:09] Attend a Retirement Readiness Review Workshop
- [2:26] The basics of a Roth IRA/Roth conversion
- [5:18] The first way you can do a Roth conversion
- [8:20] How to do a conversion with an existing IRA
- [9:00] What can be converted to a Roth IRA?
- [9:45] When a Roth conversion makes sense
Resources Mentioned
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