traditional IRA to a Roth IRA?
Yes. But it would be a good idea to consult with a tax professional before you make the move. The big advantage is the tax-free earning potential and tax-free distribution of a Roth IRA. You are not eligible to make this conversion if you are married and filing separately, or if your modified adjusted gross income (MAGI) in the year of the conversion is $100,000 or more (not including the income from the conversion itself). And if you covert to a Roth IRA, you will have to pay income taxes on the amount converted, less the portion that represents your traditional tax basis (usually the amount attributable to nondeductible contributions you have made).
