age limit on a roth ira
If you are under the age of 59 Â½, there is no 10% early distribution penalty on amounts you convert to a Roth IRA. You can convert to a Roth IRA in the year you turn age 70 Â½. However, because this is the first year that you have a required minimum distribution (RMD) from your IRA, you will have to take the RMD before you convert any funds to a Roth IRA. Donât rule out doing a Roth IRA conversion while you are in your 70s or 80s.