Can You Convert An Inherited IRA To A Roth IRA?

If you’ve ever inherited a retirement account, you’ve probably wondered how to use the funds best. Your new account can help jump-start your journey towards financial freedom. Converting some of your inherited IRA to a Roth account could be a great way to minimize your taxes on retirement income.

Can You Convert An Inherited IRA To A Roth IRA?

When you inherit an IRA from a person other than your spouse, you cannot directly convert it into a Roth IRA. However, there can be strategies to help get some or all of the assets from your newly inherited IRA into a Roth account.