Retirement Advice | RetirementAdvice.com » ira conversion http://retirementadvice.com Your Source for Retirement Advice Tue, 15 May 2012 15:42:18 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Convert your Traditional IRA to a Roth IRA? http://retirementadvice.com/convert-your-traditional-ira-to-a-roth-ira/ http://retirementadvice.com/convert-your-traditional-ira-to-a-roth-ira/#comments Thu, 05 Mar 2009 14:34:00 +0000 admin http://retirementadvice.com/?p=178

Given the significant market downturn it may not be a bad time to convert your traditional IRA to a Roth IRA. Right now, anyone with modified adjusted gross income of less than $100,000 a year (individual or joint income) can convert a traditional IRA account to a Roth IRA. Higher-income Americans are scheduled to get the same break in 2010. Remember that when you do a conversion, you must pay income tax on the amount you are converting, which can be all of the funds in the traditional IRA or just a portion of those assets. But, subject to...

Read More »

]]> http://retirementadvice.com/convert-your-traditional-ira-to-a-roth-ira/feed/ 2