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Investing/Strategies / Retirement Investing
|Subject: Re: Roth IRA Eligibility Question||Date: 8/15/1999 3:32 PM|
|Author: rjm1||Number: 13158 of 81552|
With income deferral and deductions I will be able to keep my year 2000 income
under $100,000. My 1999 adjusted gross is well over $100,000. Am I eligible to
convert to a Roth IRA on Jan 1, 2000 if I am sure my adjusted gross income for
the year 2000 will be under $100,000? Or, do I have to wait until Jan 1, 2001 after
I have had a complete year of income year under $100,000?
You can convert any time in 2000. If you go over the 100,000 sometime in 2000 you can convert back.
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