Fund a SIMPLE IRA and convert a regular IRA to a Roth IRA.

If a taxpayer qualifies to fund a SIMPLE IRA and convert a regular IRA to a Roth IRA, the taxpayer can roll his SIMPLE IRA into a Roth IRA. This can be accomplished by making your deductible SIMPLE IRA contribution, waiting the required two years, and then converting the account to a Roth IRA.