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Retirement tax questions
You can convert as much as you want in any given year, except that any RMD must be satisfied first before converting any part of what remains. If you have not yet reached the year for which you are first required to take RMDs and your traditional IRA balance is less than or equal to your basis in nondeductible traditional IRA contributions, there is no reason not to convert it all immediately.
March 10, 2022
4:50 AM