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Ask the Hammer: Can I Take RMDs From My IRA and Reinvest Them Into My Roth IRA?

Can an RMD be reinvested into a Roth IRA?

In this Ask the Hammer episode, a reader asks:

“I have both an IRA and a Roth IRA and I'm 72 years old. Can I take the RMD in the IRA each year and reinvest it into my Roth IRA? I'm fully retired and I don't work, so my only yearly income is from Social Security and my RMD, so I pay no federal and state taxes at the end of the year."

Jeffrey "The Buckinghammer" Levine of Buckingham Wealth Partners, met with Robert Powell, editor of Retirement Daily, to answer this question.

Watch the full episode to find out the answer!

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