Thread: What is an IRA?
View Single Post
 
Old Jul 16, 2017, 10:23 AM
Rose76's Avatar
Rose76 Rose76 is offline
Legendary
 
Member Since: Mar 2011
Location: USA
Posts: 12,859
You have to consider where those investments are now and how moving them will affect you. From what I'm reading the only investments you can "convert" into a Roth are investments that are currently in either a traditional IRA or in a 401K. When you move either of those investments into a Roth, you pay taxes on them now, as if they were current income. (Because they were funded by untaxed wages.)