Save time with our cheat sheets, fact sheets, checklists & books!

September 26, 2011

Roth Conversion Defined

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These limitations are repealed effective January 1, 2010.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

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.


Keep Learning

Individual Retirement Arrangement (IRA)

Definition Individual retirement arrangement (IRA) is an umbrella term that covers individual retirement account and individual retirement annuity. These are retirement savings vehicles established by


Definition A my retirement account (myRA), is a type of Roth IRA. With a few exceptions, the myRA bears features that are identical to a

Qualified distribution- Roth 401(k)

Definition A distribution from a Roth 401(k) that satisfies certain requirements, resulting in the distribution being tax-free and penalty free. Distributions that are non-qualified may

Computation period

Definition The period beginning immediately prior to the time that the contribution or conversion that is being returned or recharacterized was made to the IRA

Be among the first to know when

IRA Rules