Author Topic: Has anyone rolled a Roth IRA into a Self Directed Roth IRA?  (Read 1786 times)

Franklin

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Here is my situation:

$100K in Roth IRA.  All funds were deposited over the last five years using back door conversions.  Plus there is some capital gains.

I want to roll-over $10K into a self directed IRA. 

Has anyone done something like this?  Is there a tax event?  Does it inhibit back door conversions in the future? Thanks.

 
« Last Edit: May 26, 2016, 11:32:48 AM by Franklin »

slappy

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Re: Has anyone rolled a Roth IRA into a Self Directed Roth IRA?
« Reply #1 on: May 26, 2016, 03:35:01 PM »
What do you mean by self directed IRA?

dandarc

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Re: Has anyone rolled a Roth IRA into a Self Directed Roth IRA?
« Reply #2 on: May 26, 2016, 03:43:19 PM »
As long as it is still a Roth IRA, you should be good.  Which it should be - there is no mechanism for rolling over a Roth IRA balance to a tIRA other than recharacterizations which only work on very recent contributions or to undue a recent Roth conversion.

slappy - a self-directed IRA allows you to invest in different investments like real estate or notes, whereas with a typical brokerage IRA, you only have access to the funds / stocks / whatnot that broker offers.

slappy

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Re: Has anyone rolled a Roth IRA into a Self Directed Roth IRA?
« Reply #3 on: May 27, 2016, 06:25:57 AM »


slappy - a self-directed IRA allows you to invest in different investments like real estate or notes, whereas with a typical brokerage IRA, you only have access to the funds / stocks / whatnot that broker offers.

Thanks. That's what I thought, but then I thought one would need more than $10k to invest in real estate, etc.  I actually work at a brokerage firm, and I like to clarify what clients mean when they say things like that. Often they will say "I max out my 401k" when what they mean is "I max out my employer match."

 

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