Outside the Box: Am I too old to take money from my IRA and put it into a Roth?

Outside the Box: Am I too old to take money from my IRA and put it into a Roth?

Q: I read somewhere that you could take money out of your IRA and put it into a Roth after you begin RMDs. Is this possible if you are drawing a pension and not working?

—Paul

A.: Paul, converting money from a traditional IRA to a Roth IRA is allowable at any age. Whether you are working, receiving a pension, or any other income is irrelevant to whether you may convert.

However, there is an…

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