User john - The Daily Saver most recent 30 from http://www.thedailysaver.com 2010-08-01T07:08:09Z http://www.thedailysaver.com/feeds/user/6 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://www.thedailysaver.com/questions/7/whether-to-convert-traditional-ira-to-roth-in-2010 Whether to convert traditional IRA to Roth in 2010 John 2010-01-21T18:28:24Z 2010-07-24T10:24:03Z <p>My understanding is that calendar year 2010 is the first time there are no restrictions on converting an IRA to a Roth IRA. </p> <p>In short, whatever amount converted is treated as regular income for tax year 2010 so you have to pay tax on it but then it can grow tax free forever.</p> <p>Do you think the authorities could change the rules and tax it again later? </p> <p>If one believes tax rates will be higher in the future, isn't conversion now a no-brainer? </p>