Reply to Does my mother need to take an RMD from her IRA or can she just convert it to a Roth IRA?

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Reply to "Does my mother need to take an RMD from her IRA or can she just convert it to a Roth IRA?"

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[quote=Anonymous][quote=Anonymous]My mother has an IRA she uses for a backdoor Roth IRA. She normally puts money into the IRA and immediately converts it to a Roth. However, she was preoccupied with my father's health and forgot to do so for her 2023 and 2024 IRA contributions.

She will turn 72 this summer. Can she convert it now to an IRA (paying taxes on the gains) or does she need to first take an RMD and then convert? (Not sure how the conversion gain would be calculated in that instance.)

The amount in question is small, about $25,000, but I know the RMD rules are pretty strict.

Further question: Even though she is turning 72 this year, can she still make IRA contributions and immediately do a backdoor Roth for 2025 and outgoing years? Perhaps relevant--she is still working but has an employer 401k. I do know that RMDs are not required for that as long as she is still working for the same employer.[/quote]

Not clear what the $25K represents.. Is it the money she contributed to an IRA but did not convert to Roth? If that's the case, she can convert it to Roth any time.

RMD and backdoor roth are two different things. RMD is age driven and this backdoor process is not impacted by RMD requirements. [/quote]

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