Mark Kohler breaks down Roth IRA income limits: single filers can't contribute directly above $168,000 AGI, married couples above $252,000. But there's no income cap on converting existing retirement funds to a Roth, a strategy high earners can always use.
If you are single and you make over $168,000 AGI, you cannot put money in a Roth. That's the front door. If you are married filing joint and make more than $252,000, you cannot go in the front door and come to the Roth party. Now, there's a little phase out of about $10,000 or $20,000. It starts to phase out at $153,000 and $242,000. But the key number is $168,000 and $252,000. The second rule you need to know is that if you want to convert money to Roth, there's no limit. There's no limit to converting to Roth, but there's a limit to contribute to Roth.
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