There is no limit on the amount that can be converted to a Roth IRA as long as your modified adjusted gross income is below $100,000 per year. Not so. Any amount can be converted to a Roth IRA if you meet the $100,000 per year income limit. However, only $3,000 in 2003 can be contributed to a Roth IRA subject to certain income limits. Investors 50 years old or above may make an additional "catch-up" contribution of $500, bringing their total to $3,500 for the year.

Yes. Couples who are married filing separately may convert their Rollover or regular IRAs to a Roth IRA but only if they have been living separately from their spouse for the entire taxable year and meet the $100,000 modified adjusted gross income limit individually.

Yes. You can convert as much or as little as you like of your Rollover or regular IRA to a Roth IRA each year as long as you meet the annual income limit. Partial conversions will allow you to manage and better plan for the taxes that you must pay on your converted amounts.

Rollover - A distribution from a traditional IRA can be contributed to a Roth IRA within 60 days after distribution. Trustee-to-trustee transfer - The financial institution holding the traditional IRA assets will provide directions on how to transfer those assets to a Roth IRA with another financial institution.

If your Traditional IRA is not held at Schwab, you can convert a Traditional, SEP or SIMPLE IRA (after a two year holding period is met) at another institution to a Schwab Roth IRA using either: Transfer your IRA to an identical IRA at Schwab. When the transfer is complete, you can initiate the conversion to a Roth IRA. Convert your Traditional, SEP or SIMPLE IRA to a Roth IRA while custodied at your other institution.

You must perform this conversion before you transfer your IRA to IB. Your Modified Adjusted Gross Income can't exceed $100,000 (single or joint filers) in the year of the conversion.

You get to withdraw money from your Roth IRA tax-free after at least five (5) years and if you are over age 59-1/2. You will not be required to withdraw a minimum amount from your Roth IRA after reaching age 70-1/2. Thus, your money can continue to grow tax-free until you really need to access it.

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.

You can transfer existing IRA assets into a new IRA account by completing the Driehaus Mutual Funds IRA Application and the Transfer of Assets Form, found in the online IRA application kits.  You must check the “transfer of assets” box.  This gives PFPC, Driehaus Mutual Funds' transfer agent, permission to request your assets from your current IRA custodian.

Yes. Tax law provisions allow you to convert (roll over) your Traditional IRA to a Roth IRA. Certain eligibility requirements (income and tax filing status) apply, such as: your AGI cannot exceed $100,000, and married individuals filing separately may not convert Traditional IRAs to Roth IRAs. Conversion is considered a taxable distribution from your current Traditional IRA for prior earnings and deductible contributions, but not subject to the 10% penalty tax.

Maybe. If your modified adjusted gross income is $100,000 or less (in the year you switch) you qualify to transfer an existing (Traditional) IRA into a Roth IRA. However, married taxpayers filing separately cannot make such a transfer. Keep in mind taxes will have to be paid on the amount transferred from an existing (Traditional) IRA at the time the switch is made. Therefore, if you should transfer or not depends on your specific situation.

You will have to pay income taxes on all tax-deductible Traditional IRA contributions and earnings converted to a Roth IRA, in the same year as the conversion (except in the year 1998, when you were allowed to spread the payments over a four year period). If you do not expect to have enough money (from a non-IRA source) to pay the income taxes, you are probably better off not converting.

Traditional IRAs, Rollover IRAs and SEP-IRAs can be converted directly to a Roth IRA at any time. SIMPLE IRAs can be directly converted to a Roth IRA two years after the date of your initial contribution into the SIMPLE IRA maintained your employer. The two year holding requirement applies regardless of your age.

You can easily convert a Traditional IRA into a Roth IRA without any penalties. However, deferred taxes on the Traditional IRA must be paid upon conversion.

No, partial conversions are allowed, as are conversions from a number of different Traditional IRA's. You may wish to make a partial conversion if you do not want to face the tax expense of a full conversion in one tax year.

You must first rollover your 401(k) into a traditional IRA. Once you've done this, you may convert your traditional IRA to a ROTH IRA. The rollover from a 401(k) into a ROTH IRA usually triggers tax-consequences since the taxation of ROTH IRA withdrawals is more liberal than 401(k) withdrawals..

The Roth IRA is an Individual Retirement Account, where contributions are made on a non-deductible basis. Earnings and the withdrawal of those earnings are income tax-free if the account is held for at least five years and you are 59½ or older.