I have a couple small IRAs (about $4500 total) that I want to close. I plan to make a Roth contribution also. For simplicity I was going to just take as a taxable distribution and separately make a contribution to the Roth for the full allowable amount. Is there any benefit to rolling them into the Roth instead? Seems like the taxes would be the same. Another question, with a rollover could I also contribute the full amount too and thus increase my Roth by more? The advantage to doing the conversion is the answer you your second question. The conversion doesn't affect your ability to make a contribution. They're totally separate events. See Pub 590.PhilRule Your Retirement Home Fool
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