TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


IRA Question

May 10, 2011

Today TaxMama hears from Mike in the TaxQuips Forum with this question. He says, “My IRA’s expire in 12 months. Can I move them to a Roth without paying taxes or penalties or re-invest in 6 month CD? “



Dear Mike,

The thing that is expiring is