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Retirement tax questions
If I convert my 401k IRA to a 401k Roth, let's say a portion of it - 50k (would pay the taxes outside of the plan) that is a prefered method to do it to preserve the corpus in the IRA
, can I still contribute to a regular Roth IRA outside of my plan? Of course if you otherwise qualify. A Conversion is NOT a contribution so it doesn't affect the ability to make a contribution.
‎November 23, 2022
9:16 AM