@dmertz wrote:
That's not the only way out. Because only pre-tax money in your traditional IRAs is permitted to be rolled over to a qualified retirement plan like a 401(k), if you have such a plan that will accept the rollover, you can roll the pre-tax money to the plan and convert to Roth the remaining after-tax portion of your traditional IRAs.
Interesting. Be aware, however, that most 401k plans will not allow you to withdraw funds until after you retire or separate from service. So putting your deductible IRA money into the 401(k) in order to separate out the non-deductible money will leave your funds stuck in the 401(k), which might not have the investments you would prefer.
Now if you were really clever and the circumstances were right, you might be able to plan to rollover the IRA into your 401(k) just before you quit to change jobs or retire. Once you quit or retire, you could rollover part or all of your 401(k) money (which now includes the old IRA) into a new IRA.
