http://money-cake.com/2009/03/converting-from-traditional-ira-to-roth-ira-in-2010/ Helping people to improve their personal finance Sat, 19 May 2012 05:16:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://money-cake.com/2009/03/converting-from-traditional-ira-to-roth-ira-in-2010/comment-page-1/#comment-287 Rosemary Sun, 05 Apr 2009 13:19:58 +0000 http://money-cake.com/?p=1390#comment-287 Be careful if you are on Medicare and transfer a traditional IRA to a Roth IRA. A law was past in 2003 regarding income limits and your Medicare premium. New income limits are published every year in Oct or Nov. If you exceed these income limits including tax exempts, traditional IRA's converted etc, 2 years down the road your Medicare premium will increase. The premium could be in excess of $400 a month for both husband and wife resulting in an $800 a month bill. Be careful if you are on Medicare and transfer a traditional IRA to a Roth IRA. A law was past in 2003 regarding income limits and your Medicare premium. New income limits are published every year in Oct or Nov. If you exceed these income limits including tax exempts, traditional IRA’s converted etc, 2 years down the road your Medicare premium will increase. The premium could be in excess of $400 a month for both husband and wife resulting in an $800 a month bill.

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