What are the rules for a traditional ira?

Earned income is a requirement to contribute to a traditional IRA, and your annual contributions to an IRA cannot exceed what you earned that year. One method of conversion is to take a distribution from the traditional IRA and contribute it (reinvestment) to a Roth IRA or open a Gold IRA within 60 days from the date of distribution. This amount is used to determine your deductibility for the traditional IRA or your eligibility for Roth IRA or Gold IRA contributions. For more information on gold backed IRA reviews, please visit our website for more info about gold backed IRA reviews.