<klink type="cncpt">Tell me about Roth IRA rollovers</klink>
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<p>Rolling over a regular <glossary>IRA</glossary> into a <glossary>Roth IRA</glossary> can be beneficial in some situations. Generally, a Roth IRA may be a good idea if you have many years before you retire or if you expect to have a high taxable income when you retire, because your Roth IRA distributions will be completely tax free. However, you should consider the immediate impact on your taxes before you do a rollover. If you contributed pre-tax dollars to an IRA and you roll it over into a Roth IRA, you pay tax on it now. If you cannot comfortably afford to pay the tax on the conversion with other funds, a rollover may not be a good idea. If you expect to be in a much lower tax bracket when you retire, converting may not be your best option, either. Retirement plan rules are complex; for more information see your tax advisor or financial planner.</p>
