No. of Recommendations: 0
Greetings, Fetchit, and welcome. You asked:

<<Is there any truth to the rumor that I heard from a friend of friend who overheard someone by a water cooler say that you have to wait a year after a Roth conversion before you can make a contribution.

Also, where's a good place to look for answers to Roth questions like these?>>


No, there is no truth to the rumor you heard. You may convert a traditional IRA to a Roth and still contribute up to $2K to a Roth in the same year provided you meet the Adjusted Gross Income limits for both.

For general reading on the Roth, you can check out my Foolish Retirement Plan Primer at http://www.fool.com/retirement . Kaye Thomas has an excellent series of articles at www.fairmark.com and other articles appear at www.rothira.com . And you can always ask specific questions here.

Regards….Pixy
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement