Can I recharacterize a traditional IRA as a Roth IRA?

Answer On One Hand: You Can Roll Over a Traditional IRA to a Roth IRAYou could take out money from your traditional IRA and put it into a Roth IRA but not without incurring tax penalties. Traditional IRAs... Read More »

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Traditional Vs. Roth Vs. SEP IRA?

Individual Retirement Accounts are savings accounts for you to use during your retirement. Three of the most common IRAs are Traditional, Roth and SEP, each with varying benefits for you and your d... Read More »

How do I contribute to a Roth& a traditional IRA?

Aggregate ContributionDetermine your aggregate contribution limits. The IRS does not limit how many IRAs you contribute to within the same tax year, but you cannot exceed an aggregate value of $5... Read More »

How to Change a Traditional IRA to a Roth IRA?

As of 2010, IRS regulations on income limits for converting a traditional IRA into a Roth IRA have been lifted; anyone can convert regardless of household income. Converting requires paying the tax... Read More »

The Decision for a Traditional IRA Vs. a Roth IRA?

Opening an individual retirement account, or IRA, can be a smart way to save for your retirement. When you open an account, you have a choice of a traditional IRA, which provides a tax break up fro... Read More »