• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Use your leeway on partial Roth conversions

by on
in Leaders & Managers,Management Training

Q. In a recent article, Roth conversions: a partial maneuver, you said you could convert part of an IRA to a Roth. Can you undo a partial conversion? K.M., Champaign, Ill.

A. Yes. You have greater flexibility if you later decide to reconvert to a Roth. Normally, if you undo a Roth IRA conversion, you can’t reconvert until the next tax year. However, this delay applies only to the amount that was converted. Therefore, you can convert other funds in your traditional IRA without violating this rule.

Tip: Starting in 2010, you can convert to a Roth regardless of your AGI. For 2009, a $100,000 dollar cap still applies.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/9268/use-your-leeway-on-partial-roth-conversions "

Leave a Comment