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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Bayclipper who wrote (289)12/21/1997 6:31:00 AM
From: Gary  Read Replies (1) | Respond to of 5810
 
Gordon

You can roll over a portion of an existing IRA to the new Roth Plan. The income threshhold is for the year of the rollover. You must have less than $100,000 of modified gross income (without the rollover) for that year. You do not have to have any other earned income to be eligible for this type of transactions.

Hope this helps.

Season's greetings to all and a prosperous New Year.

Gary


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