#ten-year clock

1 story

#custodian #inherited ira #inherited roth ira #ira beneficiary #required minimum distribution #roth conversion #tax rules #taxable income #traditional ira

Inherit Father's IRA at 60, Try Roth Conversion to Stop Ten-Year Clock
60-year-old inherits $250,000 IRA but custodian blocks Roth conversion to avoid ten-year clock.
24/7 Wall St. · 1m