Roll, Baby. Roll


Starting in January of 2010, anyone with a traditional IRA will be able to convert to a Roth IRA, even if your adjusted gross income is more than $100,000 per year. You'll have two years to pay taxes on any tax-deductible contributions you've made to the IRA. Your money will grow tax free in the Roth after that. And unlike a traditional IRA, whoever you leave the money to when you die won't have to pay taxes on what's left in the Roth. You only want to make the switch, however, if you don't have to tap the IRA for cash to pay the taxes.

Is conversion for you? Here are 5 reasons to convert to a Roth IRA on