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Reply to "How much do you have in your Roth IRA?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]why is everyone focused on the income limits when anyone could've converted an old traditional IRA into a ROTH? I converted about 90K in 2016 I now have 440K in the account. I invest it completely differently than my regular accounts, more aggressive, individual stocks, shorting, Puts and Calls. I have a pension and 7 figure regular IRAs and 401k, I looked at the ROTH as a way to diversify tax streams. I hope to retire and just use the ROTH for income. I am 48 this month.[/quote] I have been told Roth is the last thing you should use since there is no minimum distribution.[/quote] PP here usually that would be the case. i think my Roth will out grow my other IRAs it could be a scenario where I take RMDs and nothing else from my regular IRAs. I could use up the ROTH over a 20-30 year period and just let my heirs worry about the tax on the regular IRAs[/quote]
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