RMD money to Roth?
Is there a downside from taking the RMD money and putting it into a Roth IRA?
Terry Says
You cannot contribute to a Roth IRA unless you have earned income. And a RMD does not count as earned income. But if you are still working, then at your age you can contribute up to $8000 to a Roth IRA, assuming you earn that much.
Plan to leave it there to grow tax-free. But you can always take out your contributions (though not the earnings for 5 years) if you need the money.
