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September 26, 2011

Roth Conversion Defined

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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These limitations are repealed effective January 1, 2010.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 http://irapublications.com. 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.

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