Roth Eligibility in 2010

Submitted by Ed Gunnell on Wed, 2008-09-17 21:21

I know in 2010 the income limits are removed for conversions. Does this also apply for new deposits (I would asume so because a person could deposit into a traditional, then convert. However this would indicate government intelligence)

Thanks,

Ed



Submitted by Clyde Wolf on Thu, 2008-09-18 00:46

Ed,

No, the MAGI limit for contributing to a ROTH IRA will remain after 2009.

You are correct that you can make an after tax contribution to your TIRA and the next day convert that to a ROTH IRA.



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