To Roth or not to Roth?

intparent
Mon, 14 Dec 2009 00:08:56 +0000

TheresaCPA, my understanding is that you can only take the mulligan if you open a new Roth with the conversion funds. If you convert into an existing Roth, then you can’t reclassify it back to an IRA if you want to. For that reason, I intend to convert into a new Roth (with the intention of eventually merging the two accounts if possible to simplify record keeping and withdrawal tracking in the future).