Comments on: Income Limits for Converting Traditional IRA Funds to a Roth IRA http://www.fivecentnickel.com/2006/11/13/income-limits-for-converting-traditional-ira-funds-to-a-roth-ira/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cathy Flower http://www.fivecentnickel.com/2006/11/13/income-limits-for-converting-traditional-ira-funds-to-a-roth-ira/comment-page-1/#comment-71404 Cathy Flower Sat, 14 Apr 2007 18:57:17 +0000 http://www.fivecentnickel.com/2006/11/13/income-limits-for-converting-traditional-ira-funds-to-a-roth-ira/#comment-71404 For YE 2005 I contributed $2,210 to a traditional IRA. I just found out that I was not eligible to contribute. My total income for 2005 was $155,000 and $144,000 for 2006. I am thinking that I have to amend my 2005 return and convert the contribution from traditional IRA to a Roth IRA. Please let me know if I am missing anything. Thanks For YE 2005 I contributed $2,210 to a traditional IRA. I just found out that I was not eligible to contribute. My total income for 2005 was $155,000 and $144,000 for 2006. I am thinking that I have to amend my 2005 return and convert the contribution from traditional IRA to a Roth IRA. Please let me know if I am missing anything.

Thanks

]]> By: Super Saver http://www.fivecentnickel.com/2006/11/13/income-limits-for-converting-traditional-ira-funds-to-a-roth-ira/comment-page-1/#comment-42086 Super Saver Mon, 27 Nov 2006 22:22:19 +0000 http://www.fivecentnickel.com/2006/11/13/income-limits-for-converting-traditional-ira-funds-to-a-roth-ira/#comment-42086 The MAGI limit of $100,000 will be eliminated in 2010. This will effectively make Roth IRAs available to everyone :-) The MAGI limit of $100,000 will be eliminated in 2010. This will effectively make Roth IRAs available to everyone :-)

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