- The $100,000 income limit for Roth IRA conversions has been lifted
- For most of you, converting to a Roth is a mistake.
- There is one group of individuals who would probably benefit by doing the Roth conversion.
Many of you have by now heard that 2010 is the year to convert your traditional IRA to a Roth. Not only has the $100,000 income limit been lifted (now anyone, regardless of income can convert to a Roth), but the income generated by the conversion in 2010 can be deferred, 50% to 2011 and 50% to 2012. Combine these bonuses …Read More