Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Roth IRA and other Retirement Planning topics.
You may make a rollover contribution to your Roth IRA. You do not have to report a Roth IRA rollover; it is tax-free. You are allowed one rollover for each Roth IRA per year. However, the amount that you may Rollover is subject to your income levels, therefore you should always consult with your financial advisers before deciding upon any course of action that will change your financial portfolio.