How do I convert a Traditional IRA to a Roth IRA?
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.
On the Balances & holdings page, find the Traditional IRA you want to convert, then select the Convert to Roth IRA option.
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.
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.
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.
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.
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.