After waiting nearly four years, a new group of American workers is about to have access to the Roth Individual Retirement Account (IRA).
Beginning in January 2010, most individuals who have a modified adjusted gross income (MAGI) of more than $100,000 will be able to convert a portion of their retirement savings from their traditional IRA or 401(k) into a Roth IRA. The change was signed into law by President Bush in May 2006 as part of a $70 billion tax cut.
Read the full article at SmartMoney.com.
