How Do You Move Money Into a ROTH IRA?

A multitude of information about the 401k can be found at http://www.research401k.com/. Beginning in 2010, you were able to convert a Traditional IRA, business IRA or 401k plan into a ROTH IRA. See christianpf.com for more details along with some other good tips.

This tip is for the wealthy individual who may have income limitations and not normally be able to contribute to a ROTH IRA.

The trick is how to get around any income limitations or contribution limitations.  Believe it or not there is a set list of strategies in place on how to contribute and when to contribute.  These rules change year in and year out based on new laws.

This is why having a financial planner that you have access to is extremely important.  If you thought you were good doing things on your own, you will learn so much more when you team up with someone else.  Take it from me, a previous "do it yourself" type person, when someone works full time in the business, they have access to so much knowledge and information that you may want to tap into that.

Remember, that no one will take care of your money better than you, so you should still read and education yourself for your family and loved ones.  Thank you for reading and we will see you soon!

This post was reposted from http://finlit.biz/retirement-2/how-do-you-move-money-into-a-roth-ira/, originally written on February 1st, 2013.