Should You Consider a Roth IRA Conversion in 2010?
by Christine Fahlund
But many remain uncertain whether it pays to convert assets already invested in a traditional IRA into a Roth IRA.
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As a result of the new tax act passed earlier this year [the Tax Increase Prevention and Reconciliation Act], more investors will have the option of doing a Roth IRA conversion. Prior to the act, only IRA investors with modified adjusted gross incomes of $100,000 or less for a tax year could convert all or part of the money in their traditional IRA into a Roth IRA in that year.
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