The year 2010 may well be remembered as the year of the Roth IRA. That’s because legislative changes that have taken effect this year are making it more advantageous – and possible – than ever before to rollover money from traditional IRAs into Roth IRAs. Most notably, the previous limits on adjusted gross income that prevented some individuals from investing in a Roth IRA are now gone, making this great option available to everyone. (more…)
Posts Tagged ‘Pay IRA Taxes’
Who is required to pay the IRA Rollover Tax?
Posted by admin on April 3rd, 2010
Is there an actual IRA rollover tax? Strictly speaking, no. But does that mean you won’t be required to pay taxes when you rollover your IRA? Not necessarily. (more…)
