TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Rolling to Roth

May 31, 2011

Today TaxMama hears from Michelle in the TaxQuips Forum who wants to know. “If someone 68 years old rolls over funds from thrift plan (taxed at 20%) into a Roth IRA, will there be any additional tax due? And is there a specific length of time funds must