BenefitsLink Message Boards > Opened a Roth IRA and can convert traditional IRA into Roth IRA?

Full Version: Opened a Roth IRA and can convert traditional IRA into Roth IRA?

BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs

CSL

Mar 10 2001, 02:41 AM

I opened a Roth IRA account this year and have saved up enough cash to pay for the taxes to convert my traditional IRA into a Roth IRA. Is that allowed?"

BPickerCPA

Mar 10 2001, 07:33 PM

Yes, as long as you realize that "this year" means 2001, and you meet the income limitations.

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