converting tiras to roth iras
i have 10 tiras in 10 different mutual funds. I want to convert them to roth iras. Can I convert them three at a time or do I have to convert them at a percentage.
i have 10 tiras in 10 different mutual funds. I want to convert them to roth iras. Can I convert them three at a time or do I have to convert them at a percentage.
Permalink Submitted by Denise Appleby on Mon, 2007-10-08 21:43
There are no restrictions. As long as you are eligible to convert to a Roth IRA, you can convert your TIRAs in whatever percentage or dollar amount you like.
Permalink Submitted by Tom Rogers on Mon, 2007-10-15 06:04
Depending on the value of the TIRA’s that will be converted and your tax bracket you may to convert them over 2 or more years. This may prevent you from “tax bracket creep”