Roth IRA

[DataAgent]

Vanguard Wellington – VWELX
Good 5-star fund for the long-term
https://personal.vanguard.com/us/funds/snapshot?FundId=0021&FundIntExt=INT

[waiting for bottom]

Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.

[waiting for bottom]

Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.

[waiting for bottom]

Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.

[waiting for bottom]

Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.

[waiting for bottom]

Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.

[equalizer]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Here’s a technical article about Roth 2010 “To Roth or Not to Roth: Analyzing the Conversion Opportunity for 2010 and Beyond”

Hit the download button on top
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476976

[equalizer]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Here’s a technical article about Roth 2010 “To Roth or Not to Roth: Analyzing the Conversion Opportunity for 2010 and Beyond”

Hit the download button on top
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476976

[equalizer]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Here’s a technical article about Roth 2010 “To Roth or Not to Roth: Analyzing the Conversion Opportunity for 2010 and Beyond”

Hit the download button on top
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476976

[equalizer]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Here’s a technical article about Roth 2010 “To Roth or Not to Roth: Analyzing the Conversion Opportunity for 2010 and Beyond”

Hit the download button on top
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476976

[equalizer]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Here’s a technical article about Roth 2010 “To Roth or Not to Roth: Analyzing the Conversion Opportunity for 2010 and Beyond”

Hit the download button on top
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476976

[(former)FormerSanDiegan]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]

Sort of…

While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.

So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.

This is not exactly the same as being eligible to contribute to a Roth.

[(former)FormerSanDiegan]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]

Sort of…

While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.

So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.

This is not exactly the same as being eligible to contribute to a Roth.

[(former)FormerSanDiegan]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]

Sort of…

While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.

So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.

This is not exactly the same as being eligible to contribute to a Roth.

[(former)FormerSanDiegan]

[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]

Sort of…

While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.

So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.

This is not exactly the same as being eligible to contribute to a Roth.

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