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Do rollovers affect an individual’s ability to convert a traditional IRA to a Roth IRA?

April 26, 2017ability affect convert individual rollovers roth ira Traditional IRA

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Do rollovers affect an individual’s ability to convert a traditional IRA to a Roth IRA?

1 Answer

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If an individual is considering moving an existing retirement plan account into a traditional IRA and there are aftertax dollars in the IRA, increasing the taxable portion of the traditional IRA will increase how much of the conversion is taxable.