I sold 100,000 of stock and make 80,000 a year so I am over the maximum Wage to submit to Roth IRA. Two questions, I wanted to place money in a roth so can I first place in a traditional IRA and then do a Roth Conversion. It may not make sense because my tax rate will be higher then it normally is because of the sale. Are there other ways to reduce my tax rate? I do own a home and have a loan if that helps.
