IRA TO ROTH CONVERSION
I want to model converting part of my traditional IRA to a ROTH IRA. Here is what I did is this the preferred approach?
1. In the "Retirement Accounts/Special Withdrawals" window I entered an amount to be withdrawn from my IRA this year 2015.
2. In the Retirement Accounts/Contributions window I entered the same amount minus my RMD for 2015 as a ROTH contribution in 2015. I had to increase my age of last contribution to this year's age in order for the program to accept the ROTH contribution
Will this approach provide an accurate result?