I have a client who has pretax assets in both a Traditional IRA and a 401(k) plan. She would like to move both accounts to a Roth IRA. Are there any limitations that would prevent her from doing this? Individuals may simultaneously convert Traditional IRA assets and...
What is a Roth conversion? A conversion is a taxable, reportable movement of assets from either a Traditional IRA (including Traditional IRAs that hold SEP contributions) or a SIMPLE IRA (after a two-year period) to a Roth IRA. When converting assets to a Roth IRA,...
