article thumbnail

Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

But, alas, now our wonderful elected leaders are discussing ways to ‘close this loophole’ (according to Forbes ) and force heirs to take distributions from any inherited IRA within 5 years. You do the math, but my calculator shows that is $400K a year. Your heirs will have to take all of that out within 5 years.

Converse 176