The Tax Increase Prevention and Reconciliation Act of 2005 ("TIPRA") will allow for the conversion of a traditional IRA into a Roth IRA regardless of income.
This is meaningful information for many people who in the past had been prevented from converting to a Roth IRA because of income limits.
In a very worthwhile article, MarketWatch columnist Robert Powell provides answers to twelve frequently asked questions surrounding Roth IRA conversions.
Source: MarketWatch
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