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Retirement tax questions
Thanks @DanaB27 . Are the steps you suggested to convert traditional IRA into Roth IRA? With these steps, i am able to only convert 6500 from traditional IRA to Roth IRA. Are there different steps to move pre tax 401(k) to Roth IRA? In all i want to move around 20k into the Roth IRA account.
Also, one additional information, i haven't made this 20k contribution yet (Mar'2024) for 2023 tax year. Based on this discussion, i can move this money to IRA or 401k account . Please let me know if this will be a problem ?
Regards,
AD
March 20, 2024
10:29 AM