does a roth ira conversion affect my maximum roth contribution
As of 2012, the maximum annual contribution for a Roth IRA is $5,000 ($6,000 for those 50 or older). A conversion to a Roth IRA does not count toward your annual IRA contribution limit.As a result, no matter how much you convert during the year, you can still make a contribution to either a traditional IRA or the Roth IRA that you rolled money into as if the conversion didnât happen.For example, if you roll over $3,000, you donât have to lower your annual contribution limit by $3,000.s a result, no matter how much you convert during the year, you can still make a contribution to either a traditional IRA or the Roth IRA that you rolled money into as if the conversion didnât happen. For example, if you roll over $3,000, you donât have to lower your annual contribution limit by $3,000.