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URL:  http://boards.fool.com/why-are-you-contributing-to-a-trad-ira-for-your-28978741.aspx

Subject:  Re: Roth Conversion Question Date:  12/23/2010  2:12 AM
Author:  TMFBigFrog Number:  67921 of 76395

Why are you contributing to a Trad. IRA for your wife, then switching it to a Roth?

Why not put it directly into the Roth?


If your income is too high, you may not be able to contribute directly to a Roth IRA. While the income limits on conversions have been lifted, they haven't been lifted on direct contributions.

Hence the need for the extra machinations.

-Chuck
Inside Value Home Fool
(Whose income has never been high enough to disqualify him from Roth IRA contributions but who would be happy to have to go through that extra step.)
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