Dec 28

Suppose I open an roth Ira 23% yield, Can I put money into a traditional ira at 23% then roll it into the roth? what are the rules for conversion?

one comment so far...

  • STEVEN F Said on December 28th, 2009 at 6:53 am:

    There is NO limit to the number of IRAs you can own. The annual contribution limit is for the TOTAL contribution to ALL accounts. You CAN’T guarantee anywhere close to 23% on ANY investment. There is NO reason to contribute to a traditional IRA if you intend to convert it to a Roth. You are better off putting it directly into the Roth.

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