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Roth Conversion Defined

Last Updated September 26, 2011

A Roth IRA conversion is a movement of assets from any of the following accounts to a Roth IRA.
 
For the purpose of this tutorial, these accounts are referred to as the ‘delivering accounts’.
 
Roth Conversion Eligibility Requirements
An individual can completed a Roth IRA conversion whether or not she has income/compensation for the year.
 
For Roth conversions that are done before January 1, 2010, the Roth IRA owner must meet the following requirements:
 
 
These limitations are repealed effective January 1, 2010.
 
No other limitations or eligibility requirements apply to a Roth IRA conversion. But, see reconversion