Unlike a Qualified Roth IRA that is tax and penalty free, a Traditional IRA is subject to a 10% early distribution penalty. If you are interested in rolling over your Traditional IRA to your Roth IRA, it's best to see the advice of a financial planner first. You should also check with the financial institution that holds your IRA to ensure your transaction is order and you aren't subject to any penalty fees.
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
Guru Spotlight |
Mary White |