Quote:
Originally Posted by dafischer
... If it was with an IRA that you started and funded with pre-tax money, it can't be rolled into a Roth, and only into another Qualifed Plan.
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You can convert the traditional IRA to a Roth IRA but you will have to pay income taxes on the amount you convert and it will still cause up to 85% of your SS to be subject to income taxes...
The only real benefit (if any) to converting to a Roth IRA at this point is that any gains in the Roth will not be taxable when withdrawn....
as Dafischer says, talk to your accountant or financial adviser to learn all your options.