As tax season goes into full swing, advisers are finding many investors interested in Roth IRA conversions.

A recent Fidelity Investments survey of almost 500 tax advisers found that 40% of investors working with tax advisers are eligible for a Roth IRA conversion now that income limits have been removed and 35% were expected to complete a conversion by yearend. Of the 35%, advisers reported that 91% had already started or completed the process; 44% of the conversions were of $50,000 or more. Before Jan. 1, only people with modified adjusted gross incomes of $100,000 or less were eligible to convert assets from a traditional IRA or a 401(k) account with a previous employer to a Roth IRA.

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