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I Am Thinking Of Converting Traditional IRA to Roth IRA
By admin | February 25, 2008
Thats good what you have decided is fine as long as you know the eligibility criteria to convert traditional IRA to Roth IRA. Yes, the rollover demands some criteria and there are certain limitations to conversion of traditional IRA to roth IRA. The first is that till 2010 if you filling is married you don’t qualify unless you live separate from your spouse for a complete one year. And at the same time if your modified gross income is more than $100,000 you are not eligibility for the change. Your assets must be less than the said amount. Thats why many people in advance choose for roth IRA where there is no limit to such amount and other benefits. Then you can covert your traditional ira to roth ira without any problem even if you had made rollover within the las twelve months. There are many other things that you must consider hence you can consult the web to find more rules on IRA conversion.
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