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If you use a tax preparer, they should have a similar capability. Instructions for Form 8606 Possible workaround actions:: 1) My workplace 401K does allow for a reverse roll over of my Rollover IRA and Roth IRA. Check with a CPA if need be. Based on the numbers above, we have $40,000 in total after-tax contributions to non-Roth IRA. You can make contributions to your Roth IRA after you reach age 70 . If I already contributed to my Roth IRA for 2016, can I still rollover my traditional IRA this year? Or do I have to wait until 2017 to do the backdoor Roth to avoid the prorata rule? But does this mean when I withdraw fund from my SEP IRA account in the future, some portion of the fund in it is tax free (tax paid)? The pervasive and incorrect myth of one tax on every dollar and high tax rates are bad is why voters do not understand how they are benefitting the affluent, charging themselves for the shortfall, and without even fathoming that their total income would have to be vastly greater than (say) $250k . Is there a way to now convert that Roth IRA to a SEP IRA without penalty? Jan 20, 2017 Rollover $100k former 401k employer plan to NEW Rollover IRA account. Thats an excellent question for an accountant! Your Guide to Roth Conversions Can I withdrawal just contributions from the rIRA at age 55 until age 59.5? Very informative. Thanks for the article. The 5-year rule applies to both Roth contributions and Roth conversions. It is particularly helpful for someone who expects to be in a lower tax bracket by spreading the taxes over a few years. I have both a traditional and Roth IRA. It won't pay to procrastinate. If youre a first time homebuyer, you can withdraw up to $10,000 from your IRA without having to pay a penalty. 2) The conversion is added to your regular taxable income, so yes it will increase your taxes. Or, for that matter, if he wants more control on how/where his money is invested, could he not simply roll over the entire 401(k) to a TIRA, and then do annual conversions on it in amounts that make sense to his tax bracket?