One of the most confusing parts of an IRA rollover is the difference between the many types of retirement accounts and the taxation involved. This can lead to some complications, especially when you’re dealing with rollover IRA to Roth IRA conversions. One of the first things you’ll need to understand about Roth IRA rollover is that the funds that are invested in the account have already been taxed, whereas in a traditional IRA rollover, the money has been invested without any taxes removed. For this reason, if you’re doing a Roth IRA transfer from a traditional account, you’ll have to ensure that the necessary taxes are withheld. (more…)