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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (334)	2/14/1999 1:58:00 PM
From: PJr	Read Replies (1) \| Respond to of 388

Colin, I have three separate IRA accounts. One (with pretax contribution) to which I was contributing prior to the rule change allowing it to be deducted. I started a second after they changed the rules (I was covered by a retirement plan) which is with post tax earnings. And then when they introduced the Roth, I began contributing exclusively to that one. I kept them separate since someone told me it would be wise for tax purposes after I began collecting on them. My question is this. Can I consolidate all three into the Roth? I am aware that I would have to declare as income the first two (my pretax and post tax contribution accounts) when I make the change. But is there a restriction on which IRA is eligible for the conversion? Or can I do both? Not necessarily asking for a comment on the wisdom of the move, just the possibility/legality of doing it. Thanks in advance. Pat