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Should You Convert a Traditional IRA Into a Roth IRA?

Beginning this year, people can convert all or a portion of their traditional IRA balances into Roth IRAs. Although this new allowance for conversions applies explicitly to traditional IRAs, it also applies indirectly to balances in 401(k) plans that workers hold with former employers. These old 401(k) balances can be rolled over, with no penalty, into traditional IRA accounts, which in turn can be converted to Roth IRAs.
Year of publication:
2010-03
Authors: Vitagliano, Francis M. ; Kopcke, Richard W.
Institutions: Center for Retirement Research (CRR), Boston College
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Type of publication: Book / Working Paper
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published on the Center for Retirement Research at Boston College website 7 pages
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Persistent link: https://www.econbiz.de/10010896020
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