@macuser_22 wrote:
@Omar80 wrote:
Do you know if a rollover to a Roth IRA is subject to income restrictions? The direct contributions is clearly, but I couldn't tell for certain about rollovers.
A rollover is not a new contribution so there are no restrictions - you are simply transferring money from one tax deferred retirement account to another.
The only restriction is, if you do not have the trustee do a direct rollover and just take a distribution yourself in cash and roll it over yourself then the rollover must be completed within 60 days from the date of the distribution. That time limit does not apply to direct rollovers.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
