Investing Specialists

The Ins and Outs of IRA Conversions

Christine Benz

Note: This article is part of Morningstar's February 2014 Tax Relief Week special report. An earlier version of this article appeared Feb. 26, 2013.

IRA conversion mania has been in full swing since income limits on conversions were lifted in 2010. As of that year, savers of all income levels can now convert their IRAs from a Traditional to a Roth, and wealthy people are the most likely to benefit from Roth accounts.