Mr Cooper Group Inc (COOP)

[etzetrade]

You do not need working income for transferring traditional IRA to Roth IRA. Sorry, I was not clear on last post. The only thing to do is pay tax.

I remember while I spoke to my financial adviser, who said the 5 year limitation applies to traditional IRA, not Roth IRA. In other words, as long as you set up traditional IRA more than 5 years, it does not affect your transfer if your Roth is just set uo.

I hope he is right. I did not try because I am not qualified because my escrow is not in the traditional IRA, it is in investment accounts.