Q:
I am 71 years old as of March 2020. Does the SECURE Act permit me to open a new spousal IRA account this year?
Answer
Q:
For COVID "special" Aug 31 rollovers, am I allowed to return my 401(k) required minimum distribution (RMD) to my IRA?
Answer
Q:
If someone took two IRA distributions earlier in 2020 that were considered RMDs, and now wishes to repay the cumulative amount back into the same IRA, are there any rules about the number of rollover deposits they can make in order to do so? Must it be done in 1 transaction, or 2, or could it be spread out across even more?
Answer
Q:
Once the RMD’s for 2020 were suspended, I withdrew what would have been my RMD from my traditional IRA and deposited it in my Roth IRA. Can I now withdraw that amount from my Roth and repay it to my traditional IRA?
Answer
Q:
Am I allowed to convert my inherited traditional IRA to a Roth IRA?
Answer
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. Selected questions will be featured every Thursday in the Slott Report.
