@a2h wrote:
Are there any tax differences between a rollover and a conversion?
The term "rollover" refers generally to any time you move money from one qualified retirement account to another account. You can do a direct rollover (where the plan administrators transfer the funds directly) or an indirect rollover, where you get a check from plan A and deposit it to plan B. You can only do indirect rollovers once per year, and there are some other rules that make direct rollovers to be much preferred.
A "conversion" is a special type of rollover that changes the tax status of the qualified funds. For example, a Roth conversion would be when you do a rollover from a pre-tax account (like a 401k or traditional IRA) into an after-tax Roth IRA. You have to pay income tax on the converted amount when you do the conversion.
