How do I convert a Traditional IRA to a Roth IRA?
Step 1
In order to convert a Traditional IRA to a Roth IRA, you’ll need to open a Roth IRA. Learn more about opening a Roth IRA.
Select Balances & holdings under the My Accounts dropdown in the main navigation.
Step 2
On the Balances & holdings page, find the Traditional IRA you want to convert, then select the Convert to Roth IRA option.
Step 3
On the Convert to a Roth Brokerage IRA page, review the information listed on the page.
Confirm that the Traditional IRA you want to convert is selected under Step 1: Choose an account to convert. Next, make your selection to Convert part of the account in shares or Convert all of the account.
Step 4
Under Step 2: Select the holdings to convert, enter the Dollar amount you want to convert from your Traditional IRA to a Roth IRA. If you chose Convert all of the account in Step 1, then you will not have to enter an amount.
Step 5
Next, under Step 3: Choose the Roth IRA account to convert to, choose the Roth IRA that you want to convert from the dropdown menu. Note that if you choose Open a new Roth IRA, you will be taken away from this page.
Step 6
In Step 4: Tax withholding, review and acknowledge that federal and state income taxes will not be withheld from this conversion.
Select CONTINUE when you are ready to review.
Step 7
On the Review and submit page, review your conversion details and select SUBMIT to place your conversion order.
This example is for illustrative purposes only and is not a recommendation to buy or sell a particular security.
All investing is subject to risk, including the possible loss of the money you invest. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.