Reply To: Withholding from Roth Conversion, Then Replacing w/h in TIRA

Home Fairmark Forum Retirement Savings and Benefits Withholding from Roth Conversion, Then Replacing w/h in TIRA Reply To: Withholding from Roth Conversion, Then Replacing w/h in TIRA

#5001
ReachELS
Participant

Thank you Alan….very clever.

It seems like I have two possible approaches:

1. Convert $100k from the tira while having $22k withheld and subsequently rolling $22k from savings into the Roth within 60 days OR

2. Convert $100k from the tira with no withholding. Then do a second tira withdrawal for $22k and withhold (most if not) all of it. Within 60 days, I would roll $22k from savings back into the tira.

Seems as though you end up at the same place…+$100k in Roth, -$100k in tira, -$22k savings.

#2 seems cleaner to me?