If I have a 401k and keep it as a 401k when I retire (so that I can draw on it between early retirement and SS), can I convert a portion of it to a Roth IRA?
I've heard that I cannot do this and that Roths need to come from job income.
Also, 'later' in life when the dreaded RMDs hit at 70 1/2, can you take RMDs and convert those back into a Roth? Or again, do the rules prohibit doing this because it is not 'income'?
Could I do a Roth conversion for a portion of my remaining 401k before RMDs after age 70?
Thanks!
I've heard that I cannot do this and that Roths need to come from job income.
Also, 'later' in life when the dreaded RMDs hit at 70 1/2, can you take RMDs and convert those back into a Roth? Or again, do the rules prohibit doing this because it is not 'income'?
Could I do a Roth conversion for a portion of my remaining 401k before RMDs after age 70?
Thanks!