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Author: qasimodo Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: convert Traditional IRA to Roth IRA Date: 3/29/2007 5:14 PM
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I saw a recent article by Suze Orman November 30 2006 where she indicated the ability to convert the traditional IRA account into the Roth IRA with the only taxable amounts being those of gains on the account. Her quote is as follows;

"A Can't-Miss Opportunity

Now that I have your attention, here's the deal: This past spring, Congress passed a new law that will make it possible for everyone -- regardless of income -- to convert their IRAs into a Roth IRA beginning in 2010".

I have been unable to find any other information about this as I was thinking doing this gradually by taking the tax hit over a period of years. If I can do this as a one time conversion, I would like to do so. Has anyone seen more detailed information about this change?
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