Prior to 2008, you could only rollover (convert) amounts from either a traditional, SEP, or SIMPLE IRA into a Roth IRA. After 2007, you can rollover amounts from the following plans into a Roth IRA.

• A qualified pension, profit-sharing or stock bonus plan (including a 401(k) plan),
• An annuity plan,
• A tax-sheltered annuity plan (section 403(b) plan),
• A deferred compensation plan of a state or local government (section 457 plan), or
• An IRA.

Any amount rolled over is subject to the same rules for converting a traditional IRA into a Roth IRA. See Converting From Any Traditional IRA Into a Roth IRA in chapter 1 of Publication 590. Also, the rollover contribution must meet the rollover requirements that apply to the specific type of retirement plan.

--08-APR-2008