IRA Rules

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Question: Convert IRA to Roth IRA?

When we can convert IRA to Roth IRA? And what limit?
What is the rules?
Please give all usefull informations.
Thanks

Answer: You can convert anytime and many do feel this is the year to convert. You will pay taxes on the amount you convert. You have until April 15 2010 to pay these taxes. With decreased portfolio values it may pay off to convert now, pay less tax and have the investment grow tax free in a Roth. Hope these resources help!!

Contribution Limits for ROTH 401K/IRA or Traditional 401K/IRA