Skip to content
Money Health Finance
My WordPress Blog
  • Menu
  • Search
  • Menu
Money Health Finance
My WordPress Blog
  • Search
Home / Should I convert an inherited retirement account to a Roth?
Personal Finance

Should I convert an inherited retirement account to a Roth?

by Money Health FinanceSeptember 11, 2017
  • 0 Shares
    Share
  • Tweet
  • Pin it
  • Share
  • Email
  • More

If you inherit an IRA from someone other than your spouse, you cannot convert it to a Roth IRA. Assets in a 401(k) can be converted, but few do so.

Q.: Dan, Thanks for the piece on inheriting retirement accounts. I bet very few beneficiaries ever think about converting a 401(k) to a Roth account. I would think avoiding RMDs through a Roth account would prompt more to convert. Is that hard to do or something?

— Sam

A.: Sam, very few beneficiaries convert 401(k) money to Roth acco…
MarketWatch.com – All MarketWatch News – Personal Finance

Tagged: account

Related Stories

Is It Safe To Share The Password To Your Bank Account With An App?

November 23, 2018

Do you need a managed retirement account?

December 6, 2017

The Moneyologist: This wife took swift action to close an account her husband used to hide money

September 26, 2017

The Wall Street Journal: How to make a 529 college account last forever

August 28, 2017

You May Also Like

How To Invest In Gold Effectively

April 8, 2020April 8, 2020

Average Daily Balance – Complete Guide to ADB

December 3, 2019

Interest Rates and the Time Value of Money

December 3, 2019

5 tips for safe shopping on Cyber Monday

November 4, 2019November 4, 2019

Most Popular

1

Linfinity Forum 2018 in London to Feature European Blockchain Experts

September 9, 2018
2

Lilly forecasts 2018 profit and revenue largely above estimates

December 13, 2017
3

2018 Retirement Contribution Limits for 401(k)s and IRAs

November 17, 2017
4

Most popular Obamacare plans cost average of 34 percent more for 2018

October 26, 2017
5

Guide to Medicare Open Enrollment for 2018

October 14, 2017
Prev Next

MoneyHealthFinance.com

MoneyHealthFinance.com is a news aggregator and content curator site which gathers excerpts from business, and related news stories and links them to mainstream media outlets for your convenience. MoneyHealthFinance.com does not claim ownership of any copyrighted content which remains the property of its respective owners.

Navigation

  • Home
  • About
  • Advertise with Us
  • Contact
  • Submit News
  • Sitemap
© MoneyHealthFinance.com. All Rights Reserved.