You are hereRule Changes Will Provide Broader Access to Roth IRAs
Rule Changes Will Provide Broader Access to Roth IRAs
The income limits on Roth IRAs will change in 2010.
Current restrictions on Roth IRAs are set at $105,000 for singles and $166,000 for couples.
Removal of these restrictions will open-up a much wider market for Roth IRAs.
Higher income earners will simply need to establish a conventional IRA and then convert to a Roth. Taxes due on the conversion can be paid over the course of 2011 and 2012 rather than at once in 2010.
Source: Investment News
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