If
your income exceeds certain levels, you cannot make contributions to a Roth
IRA. However, you can convert a traditional IRA to a Roth IRA no matter how
high your income. Roth IRAs are popular because qualifying distributions are
tax-free and annual distributions are not required at age 70½. A conversion to
a Roth is a taxable event, so factor that into your analysis. For more
information, call us at (518) 798-3330.
