Can I convert my Traditional IRA to a Roth IRA?

You can convert a Traditional IRA to a Roth IRA as long as your Adjusted Gross Income (AGI) doesn't exceed $100,000 (single or joint filers) in the year of the conversion.

You should also be aware that the IRS will impose taxes on any deductible contribution or earnings on the traditional IRA amounts being converted to a Roth IRA.