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Who can convert their retirement funds to a Roth IRA?

April 26, 2017convert funds retirement roth ira

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Who can convert their retirement funds to a Roth IRA?

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Anyone can convert their retirement funds to a Rollover IRA and then to a Roth IRA if they meet certain income limits. Your modified adjusted gross income as a single or married filing jointly taxpayer must be $100,000 or less in order to convert to a Roth IRA. Also, you must be able to pay the income tax you will owe on the converted amount from some other income source. You can t use your Roth IRA funds to pay your conversion taxes.