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Roth IRAsSmartAsset
•77% Informative
Required minimum distributions (RMDs) start at age 73 (or 72 depending on your birthdate) The IRS requires you to begin withdrawing a minimum amount each year from your pre-tax retirement accounts.
While you can reinvest these withdrawals in taxable accounts, the IRS restricts how you can fund tax-advantaged accounts like a Roth IRA.
Navigating the IRS rules for RMDs and Roth conversions can be confusing.
You cannot reinvest required minimum distributions in a Roth IRA.
If you withdraw any of the money you convert before the five-year period is up, you could owe a 10% penalty.
RMDs don’t not need to be the end of your investing.
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