If I open a Roth IRA now but my income jumps next year will I have to roll the acct into a regular IRA?
I want to open a Roth IRA and my 2006 income is within the limit, but will likely exceed the limit for 2007. Will I be required to close the Roth IRA all together once I exceed the income limits, or can my money continue to grow in the Roth account even though I’m wont be eligible to make future contributions?
The money stays in your IRA until you withdraw it.Whether you add to it or not. I use Vanguard for mine – great returns and very low fees.
Go to their site ti find out more about all the various plans.
RO EuphRO Cavae WoE 4-23-06