How To Convert a Traditional IRA to a Roth after 60

You can convert an IRA to a Roth no matter how old you are. But if the conversion boosts your income, it could have taxing consequences.

Options Traditional IRA or Roth IRA retirement plans as piggy banks.
(Image credit: Getty Images)

You can’t contribute to a traditional IRA, at any age, if you don't have earned income. But can someone who is retired and age 70½ still roll over money from a traditional IRA to a Roth? Do you need to have earned income to make a successful conversion? Let's delve into those answers and find out what anyone making an IRA conversion should consider before rolling over funds to a Roth IRA.  

Who can convert a traditional IRA to a Roth IRA? 

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.

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