Today's Market

updated 1 day ago Sponsored by:
DOW 18,080.14 21.45 0.12%
S&P 500 2,117.69 4.76 0.23%
NASD 5,092.09 36.02 0.71%

Community: Investing Wiki

Term Of The Hour

California IRA conversion: Original post by Maggie McCormick of Demand Media In 2010, tax law changed to make it easier for couples and individuals to convert a traditional IRA into a Roth IRA. Since a traditional IRA is funded with pre-tax income and the Roth with taxed income, converting becomes a taxable event. State laws regarding taxing retirement accounts vary, so if you live in California -- or are thinking of moving…

Want to learn more or edit this definition?
Click here to read more!