roth ira rollover

[Rashid Khalil]

Can I roll over my Roth IRA to Roth solo 401k?
will appreciate your insight.

[Dmitriy Fomichenko]

@Rashid Khalil,

No, IRS does not allow Roth IRA to 401k rollover.

[Rashid Khalil]

thanks, Dmitriy. is this true that for traditional IRA contributions, we need to get all assets out of all IRAs except inheritance IRA and Roth IRA, i think one of the YouTube video mentioned that.

[Dmitriy Fomichenko]

@Rashid Khalil

I'm not sure I understand your question... Are you asking about RMD? 

Traditional IRA is subject to RMD starting at age 73, Inherited IRA is also subject to RMD. Roth IRA is NOT subject to RMD.

[Rashid Khalil]

no like to contribute to traditional ira and do a backdoor roth for 2023, what if there is existing assets in traditional or sep ira already

[Dmitriy Fomichenko]

You can do Roth conversion with existing assets in it. The asset must be valued at the time of conversion since it will be a taxable event.