I’m old enough that I am required to take RMDs from my IRA, and fortunate enough to not have any immediate need for the money. In the past I’ve typically just taken the RMD, paid my taxes, and move the rest to a brokerage account.
However, lately I’ve been thinking I’d be a lot better off putting that money into a Roth IRA. I understand I cannot do a direct rollover as taxes need to be paid. And I have no “earned” income that would allow me to simply just contribute to a Roth.
Is there any way to accomplish this? Or am I out of luck here?