The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Roth IRA Post-Conversion question Date:  4/8/1998  2:24 PM
Author:  MrLee Number:  3347 of 127549

I've converted my IRA to a Roth IRA this year. The Roth IRA is with a mutual fund company. Now that the converstion has taken place they tell me that I can not contribute to this particular account anymore (IRS Rule it seems). They say that I need to open a new Roth IRA . This seems a little bogus to me but, is it the gov't. or the mutual fund company?

Has anyone else run into this little problem yet?

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us