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Retirement tax questions
You can’t make any new contributions to a traditional or Roth IRA unless you have compensation from working.
You can rollover part or all of your pre-tax IRA to a Roth IRA, this is called a conversion, and you will pay income tax on the converted amount. Conversions are not contributions and there is no dollar limit on conversions other than the tax you can afford to pay.
January 13, 2024
5:15 PM