When are taxes paid on Roth IRAs?

- Taxes are never paid on the original contributions which are not tax deductible in the year of your contribution. Taxes must be paid on all withdrawal of earnings which have not remained for a period of five successive tax years. (For example, if a taxpayer's first contribution is made for tax year 2001, 2001 is the first taxable year, and 2005 is the fifth taxable year.) • Can a Traditional IRA be converted to a Roth IRA? - Yes, a traditional IRA can be converted to a Roth IRA if your adjusted gross income in the year of conversion is under $100,000 (same for both single filers and married couples who file jointly). Married taxpayers who file separately are not eligible for a Roth conversion. • Can funds be rolled over from one Roth IRA to another Roth IRA - Yes, you may transfer or rollover from one Roth IRA to another Roth IRA tax-free and regardless of your adjusted gross income. • If I contribute to a Roth IRA, will it affect the amount that I can contribute to my employer- ...  more