Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<< I was able to rollover my 401k funds into an IRA early this year. Now I want to convert this IRA to a Roth IRA (and thus avoid paying huge taxes on the conversion later when my account swells from my absolutely Foolish investing). Are there any gotchas, such as some sort of waiting period in my regular IRA or other ornery rule, I need to watch out for that would inhibit my doing this? >>

Nope, the only rule is the $100,000 MAGI limit.

Phil Marti
Tax Preparer
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.