Roth Conversion Opportunities in 2010 & Beyond
Starting in 2010, the existing $100,000 income limit for converting a Traditional IRA to a Roth IRA no longer
applies. Also, conversions that occur in 2010 will be able to split the taxable converted amount taxed between 2011 and 2012. Conversions in subsequent years are included in income during the tax year in which the conversion is completed.
Removing the Roth IRA conversion limit however doesn't mean anyone can fund a Roth IRA, income limits will still apply to Roth IRA contributions. Converting your Traditional IRA to a Roth IRA will need careful consideration, consulting and planning with your tax advisor.
To convert your existing Traditional IRA to a Roth IRA, complete the
Roth IRA Certification Form. For alternative investments, you will also need to provide the most recent valuation of the asset.
For additional information or to speak with a client service representative, please call 1.800.258.7878
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