Choosing whether to convert an existing IRA into a Roth IRA is an important decision. Currently, such conversions are limited to people with MAGI’s (that’s modified adjusted gross income in IRS-speak) of less than $100,000. But in 2010, that income restriction goes away. Therefore, virtually everyone will have the opportunity to convert their IRA into a Roth.
Over at Mint.com, I posted an article about the Roth Conversion process. I hope you enjoy it.
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