Traditional Vs. Roth IRAs

In 2009, only individuals with a modified adjusted gross income of $100,000 or less are allowed to convert a traditional IRA to a Roth IRA. But this income restriction is eliminated in 2010. So, the question becomes, Do you want a Roth IRA? To help you decide, here is a comparison of the traditional versus the Roth IRA: Eligibility to Contribute Age: You can establish and make annual contributions

In 2009, only individuals with a modified adjusted gross income of $100,000 or less are allowed to convert a traditional IRA to a Roth IRA. But this income restriction is eliminated in 2010. So, the question becomes, “Do you want a Roth IRA”? To help you decide, here is a comparison of the traditional versus the Roth IRA:

Eligibility to Contribute

  • Dollar Limits for Contributions

    Age: You can establish and make annual contributions to a traditional IR

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