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There should not be a problem with doing that although assuming that these are 403b (pretax) retirement accounts considering they are from government agencies I believe that you can on roll them over into a Traditional IRA, then if you wish there is a process for converting Traditional IRA funds into Roth IRA funds

The law changed as of Jan 1, 2008. You can now roll from pre-tax qualified plans (401k, 403b) directly to a Roth IRA. The rollover is considered a combined rollover and conversion.

Conversion of a Traditional IRA to a Roth IRA results in the converted funds becoming taxed in the year they are converted (with the exception of non-deductible assets).

Correct, as would a direct rollover to a Roth IRA from a 403b. However, see below for a caveat.

Two circumstances prohibit a conversion to a Roth IRA: Modified Adjusted Gross Income exceeding $100,000 or the participant's tax filing status is Married Filing Separately.


In 2010 and 2011, the Modified Adjusted Gross Income limit will be temporarily suspended.

Actually, the MAGI limit will be completely lifted in 2010, not temporarily. Here's the caveat mentioned above....The 'temporary' thing that occurs in 2010 (only) is the ability to pay the taxes due on the rollover with your 2011/2012 taxes, rather than with your 2010 taxes.

Of course, any/all of this could change between now and 2010, if Congress decides to change the law.

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