Can I convert 403b plans to an inherited Roth IRA? In this episode of Ask The Hammer, a reader asked: I have three inherited retirement plans, two of which are 403(b) plans. I’ve had them for three years now. Can I still convert them to an inherited Roth IRA? Is it the same method as converting an IRA to a Roth IRA?
Jeffery Levine from Buckingham Wealth explains that the short answer is yes, it is possible to convert an inherited plan to an inherited Roth IRA. However, Levine explains that there are often obstacles when deciding how to rollover this money. Converting to a Roth IRA may force you to make an ‘all-or-nothing’ decision. In this episode of Ask The Hammer, Jeffrey Levine explains that factors such as IRS guidelines and previous plans set in motion for RMDs may also affect the rollover process. To answer the question, Can I convert 403b plans to an inherited Roth IRA? check out this episode of Ask The Hammer and find more Ask The Hammer episodes at this link: https://www.finstream.tv/videos/ask-the-hammer/