Can I convert my Traditional IRA to a Roth IRA?

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Personal Finance Content > Retirement > IRAs

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Can I convert my Traditional IRA to a Roth IRA?

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You can convert a Traditional IRA to a Roth IRA as long as your Adjusted Gross Income (AGI) doesn't exceed $100,000 (single or joint filers) in the year of the conversion.

You should also be aware that the IRS will impose taxes on any deductible contribution or earnings on the traditional IRA amounts being converted to a Roth IRA.

All information provided through this site is intended to be accurate. However, there may be inaccuracies at times, which we will make every attempt to correct when found. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.

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