Roth IRA Conversion

Roth IRA Conversion
A reportable movement of assets from a Traditional, SEP or SIMPLE IRA to a Roth IRA. The movement of assets may be taxable.

A conversion may be accomplished by a rollover of assets directly between the trustees of the Traditional and Roth IRAs, or by the IRA owner distributing the assets from the Traditional, SEP or SIMPLE IRA and rolling over the amount to the Roth IRA within 60-days of receiving the distributed amount.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Roth IRA — A Roth IRA is an Individual Retirement Account (IRA) allowed under the tax law of the United States. Named for its chief legislative sponsor, Senator William Roth of Delaware, a Roth IRA differs in several significant ways from other… …   Wikipedia

  • Traditional IRA — A traditional IRA is an individual retirement account (IRA) in the United States. The IRA is held at a custodian institution such as a bank or brokerage, and may be invested in anything that the custodian allows (for instance, a bank may allow… …   Wikipedia

  • Net income attributable — The Net Income Attributable, or NIA for short, is a concept in the Internal Revenue Code for calculating the net gain or loss generated by an excess IRA contribution or the net gain or loss for the purposes of a Roth IRA conversion or… …   Wikipedia

  • Annuity Ladder — An investment strategy for retirees or near retirees that entails the purchase of immediate annuities over a period of years to provide guaranteed income while minimizing interest rate risk. Annuity ladders allow retirees to maintain a portion of …   Investment dictionary

  • Tax Increase Prevention and Reconciliation Act of 2005 - TIPRA — A tax related act signed by President George W. Bush in May 2006 that contains revisions to pre existing tax laws. Revisions include topics concerning investor related tax breaks, business provisions, individual retirement accounts, kiddie tax… …   Investment dictionary

  • Reconversion — A method used by individuals to minimize the tax burden of converting an IRA by recharacterizing Roth IRA converted amounts back to a Traditional IRA and then converting these assets back to a Roth IRA again. Be aware that the IRS released… …   Investment dictionary

  • Retirement plans in the United States — A retirement plan is an arrangement to provide people with an income, possibly a pension, during retirement, when they are no longer earning a steady income from employment, or an asset from which a person may draw an income from as needed. There …   Wikipedia

  • Buy term and invest the difference — Buying term and investing the difference is a concept involving term life insurance and investment strategies that allow individuals to eventually Self Insure and provides an alternative to permanent life insurance. Generally speaking term… …   Wikipedia

  • Diversified Investment Advisors — Diversified Type Corporate Division Industry Full Service Retirement Consulting Founded 1963 Headquarters Harrison,NY Key people Peter Kunkel, President, Alice Hocking, Chief Operating Officer …   Wikipedia

  • List of finance topics — Topics in finance include:Fundamental financial concepts* Finance an overview ** Arbitrage ** Capital (economics) ** Capital asset pricing model ** Cash flow ** Cash flow matching ** Debt *** Default *** Consumer debt *** Debt consolidation ***… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”