Roth IRA, Traditional IRA, 401K » $5000 http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Does the amount converted from a traditional to a roth ira count toward the $5000 roth contribution limit? http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/ http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/#comments Thu, 04 Mar 2010 22:42:00 +0000 admin http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/ I am allowed a $5000 Roth contribution. I want to take $2000 from my traditional IRA and convert it into an existing Roth IRA. Can I put in $5000 PLUS the $2000 conversion, or does the conversion limit my contribution to only 3000 additional dollars this year?

]]> http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/feed/ 2 Why are annual contributions to Roth IRAs limited to $5,000? http://www.iraroth.net/2010/02/why-are-annual-contributions-to-roth-iras-limited-to-5000/ http://www.iraroth.net/2010/02/why-are-annual-contributions-to-roth-iras-limited-to-5000/#comments Wed, 24 Feb 2010 20:16:55 +0000 admin http://www.iraroth.net/2010/02/why-are-annual-contributions-to-roth-iras-limited-to-5000/ I guess I am asking WHY that is the law. I’m assuming lawmakers didn’t blindly choose $5,000 as the cap….

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