Converting to a Roth IRA

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Starting in 2010 and continuing here in 2011 you can convert an existing IRA to a Roth IRA, including high-income earners. Thanks to the budget bill that was passed in December 2010 it left current tax rates for another 2 years. Earlier in the year many financial advisors were telling clients to convert in 2010 because rates were going to be increasing in 2011.

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