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Retirement tax questions
If you can afford to pay the taxes, you may simply want to roll over your entire traditional IRA balances to Roth IRAs and then close the IRAs. You can do this in steps over a couple years if you need to spread the taxes out.
Once you have emptied and closed your traditional IRA accounts, you might be able to then use the "backdoor" conversion method for future contributions.
‎December 21, 2020
10:43 AM