Goshen, VA. Sponsored Topics. Goshen is a town in Rockbridge County, Virginia, United States. The population was 406 at the 2000 census. The town is known amongst the Boy Scouts of America for hosting Goshen Scout Reservation, one of the largest Boy Scout camps in America.
In order to avert an immediate tax obligation, a surviving spouse could roll over the account into his or her own IRA or other retirement plan. (Surviving spouses have 60 days after the death to roll over the money.) Required minimum distributions would begin when the surviving spouse turns 70 Â½.
Ann has $95,000 in her traditional IRA, all of which is pre-tax. If Ann makes a $5,000 nondeductible (after-tax) contribution to a traditional IRA, her total IRA balance will be $100,000, $5,000 of which will be after-tax. Thus, only 5% ($5,000 / $100,000 = 5%) of her Roth IRA conversion â will be tax-free.