Can an educational ira be converted to a roth ira?

Answer On One Hand: No Option to Convert Directly to Roth IRAEducation IRAs, now referred to as Coverdell ESAs, include no provisions to roll funds to any retirement accounts, including a Roth IRA, accord... Read More »

Top Q&A For: Can an educational ira be converted to a roth ira

When Can Converted Funds Be Withdrawn From a Roth IRA?

The Roth IRA provides a variety of tax advantages. Contributions are made with after-tax dollars, so you lock in current income tax rates. Growth in Roth IRAs is tax-free, and withdrawals from Roth... Read More »

How to Withdraw Converted Funds From a Roth IRA After Age 60?

One of the most attractive aspects of the Roth IRA is that the money can be withdrawn tax-free in retirement. After you reach age 59 1/2, you are eligible to begin withdrawing money from your retir... Read More »

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »

Does the Roth phase-out affect the Roth?

The Roth Phase-Out affects your ability to continue contributing to a Roth IRA if your income is above a certain threshold. This phase-out only affects new contributions and does not affect Roth IR... Read More »