Social Security Jitters? Better Prepare Now If you are worried about the future of Social Security, [more] For Savers, It Was Hardly a Lost Decade By RON LIEBER Published: January 1, 2010 It was the age [more] New Rules Ease Roth Conversions, but Benefits Vary Don’t be surprised if your broker calls in the next [more] ...more news»
Sign up below to receive our email notifications!

New Rules Ease Roth Conversions, but Benefits Vary

By: TARA SIEGEL BERNARD

Don’t be surprised if your broker calls in the next few months and asks if you have thought about converting your traditional individual retirement account to a Roth I.R.A.

That’s because as of Jan. 1, anyone can convert their regular I.R.A. into a Roth regardless of income. Before the rules changed, only people with modified adjusted gross incomes of $100,000 or less could convert their accounts.

To read the full article, paste this link into your browswer:

http://www.nytimes.com/2010/01/09/your-money/individual-retirement-account-iras/09convert.html?nl=your-money&emc=your-moneyema2