How many Roth conversions allowed in a year?
Hello.
I am retired and have done a Roth in plan rollover within my work 401K this year. Am I able to do a Roth rollover within a Fidelity IRA to a Fidelity Roth IRA this year? Is there a rule that limits the number of Roth IRA Rollovers you can do in a year or period of time?
Thanks.
Dennis
Permalink Submitted by Alan - IRA critic on Thu, 2018-05-31 22:52
There is no limit in either the number of conversions or the amounts. However, since conversions are usually taxable you would want to control the amount of conversions you do in any one year.