A step-by-step guide on converting a traditional or SEP IRA to a Roth IRA
How to do a Roth conversion with Alto
Once you have both a traditional or SEP IRA and a Roth IRA open, you can follow the steps below to submit your request
Step-by-step how-to
Interested in converting your traditional IRA to a Roth IRA? Simply follow these steps:
1. Log into the Alto dashboard of the account you are transferring out of (Traditional/SEP)
2. Select Transfer Funds at the top of the page
3. Select Roth Conversion from the drop down menu
4. Fill out the forms with the receiving institution being AltoIRA and your Roth IRA Account Number
5. Click Submit
Please note: If your Traditional or SEP IRA is a CryptoIRA, then you'll need to sell your positions and transfer the cash in your Coinbase wallet back to your IRA cash balance before requesting the Roth Conversion. Learn how to transfer cash from your Coinbase wallet back to your IRA cash balance here.
Once you've submitted the request, our team will process your Roth conversion as soon as possible.