BenefitsLink Message Boards > Start a Roth now, convert a IRA later.

Full Version: Start a Roth now, convert a IRA later.

BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs

oiwon

Dec 4 1998, 10:13 PM

My agi will not meet the 100k limit for conversion of my current IRA to a Roth in 1998. Can i start a Roth in 1999, make my 2k contribution, and then roll over my older IRA somewhere down the road when i meet the 100k limit.

BPickerCPA

Dec 6 1998, 10:13 AM

Yes, as long as you're within the income limits for a Roth contribution. You mention a '99 contribution. If eligible, try a '98 contribution.

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