What is the procedure for converting a Roth IRA to a Traditional and or vice versa?
A conversion from a Traditional IRA to a Roth IRA is allowed. A Traditional IRA Withdrawal form is filled to remove the funds out of the Traditional IRA. To move money into the Roth IRA, member will need to have a Roth IRA established. To establish a Roth IRA, fill out the Roth IRA Custodial Application. If a Roth IRA is already established, fill out a Roth IRA Rollover and Transfer Contribution form to deposit the money. A conversion from a Roth IRA to a Traditional IRA is not permitted, but a recharacterization may be an option.
