Can I Fund One Type of IRA While Tapping Another?

Sarah Max of Money magazine includes Joe Heider, president of Cirrus Wealth Management, in her column answering a reader question about the ability to contribute to one IRA account while withdrawing from another. “Depending on your current tax situation, this may not be such a bad idea. You’re essentially using tax-free funds from your Roth to get a current deduction,” he says.