When you do an IRA transfer, you're effectively moving your money between two similar accounts, so from an IRA account into another. For instance, you may decide to move your IRA from Firm A to an IRA account with Firm B. In this case, the account type doesn't change but theinstituti...
If your income isabovethe specified range you will not be eligible to open a Roth IRA account (if you do, you will face a penalty). For incomesin betweenthe threshold ranges you can only make a partial contribution to a Roth IRA account. For incomes below the threshold range the maximum...