ThomasM125
Expert Alumni

Retirement tax questions

You don't pay any tax on the money transferred from the non-deducted contributions in the traditional IRA account to the ROTH account. You would pay tax on the earnings on those funds however.

 

Once the funds are in the ROTH IRA account, there would be no tax on future distributions.

 

You can move the contributions from your employer plan to a ROTH IRA, but any pre-tax contributions and earnings would be taxable when you moved them to a ROTH IRA account.

 

 

 

 

 

 

 

 

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