Hi, I want to convert my IRA to Roth but I want to use 72(t) rule. I have read some where in Ed Slott book that you can kill two bird with one stone, when you use 72(t) rule 1) you avoid the 10% penalty. 2) you can use part of the 72(t) distribution to pay tax and can convert to Roth Ira, you don't have to have extra cash on hand to pay the tax for roth conversion.
I called my IRA account holder (fidelity) and they told me you can not convert to roth and pay conversion tax using 72(t). you only can save penalty.
so please some one explain in detail how should I do it and kill two birds or provide me name of any expert to is willing to help me with this. I am willing to pay any fees.