Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBrandon Renfro, CFP®, RICP, EAFri, September 4, 2026 at 9:00 AM GMT+2 7 min readBecause of our income bracket – we make over $350,000 per year – we cannot contribute to a Roth anymore. We're 61 and 62, and planning to work until at least 67. Do we qualify to convert our 401(k)s into Roths a little at a time or do we have to wait until we retire?-FaribaYou're right that earning a combined income of $350,000 puts you over the Roth IRA income limit. However, there's no income limit on conversions. In fact, anyone can convert any amount of tax-deferred savings at any time. Nothing is stopping you from converting some of your tax-deferred retirement savings now. However, deciding whether to do it now vs. in retirement can significantly impact the taxes you end up paying on the money.A financial advisor can help you decide whether a Roth conversion makes sense for you. Connect with an advisor today to talk about it.Roth IRA Income limitsLet's provide the relevant background information for readers who may not be familiar with Roth IRA contribution eligibility. Your income must be below certain thresholds in order to contribute to a Roth IRA. The limits adjust each year, but for 2024:Single filers can contribute the maximum amount to a Roth IRA if their modified adjusted gross income is less than $146,000. Higher income levels reduce your allowable contribution. Once your modified AGI reaches $161,000, you can no longer contribute to a Roth IRA.Married couples who file a joint return can make a full contribution to a Roth IRA if their combined modified AGI is less than $230,000 and a reduced Roth contribution if their combined income is between $230,000 and $240,000. However, married couples who file jointly and have a combined income that exceeds $240,000 cannot contribute to a Roth IRA.An important thing to understand regarding these income limits is that they only apply to your ability to make direct contributions into Roth IRAs – not whether you can execute a Roth conversion. (But if you need further guidance on whether to contribute to a traditional or Roth IRA, talk it over with a financial advisor.)Roth Contributions vs. ConversionsSmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.It may be helpful here to clarify the difference between a Roth conversion and a Roth contribution. A conversion involves moving money that is already held inside a tax-deferred account – such as a traditional IRA or 401(k) – into a Roth IRA.There is no limit of any kind that restricts your ability to move or convert money from a tax-deferred account into a Roth account. Of course, you need to be aware that when you do you must include the conversion in your taxable income for the year in which perform the conversion.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info