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Retirement tax questions
Thank you macuser_22! So, does this seem right? Example might help:
1) July 2019: roll over ALL traditional IRA funds (100% pre-tax) into 401k plan (this is permissible for me and now complete). Traditional IRA balance now = $0.
2) August 2019: make $6k non-deductible IRA contribution from after-tax cash. Leave contribution in cash so as to avoid investment losses and thus ensure that the full $6k value of the contribution can later be converted to Roth.
3) December 2019: Convert $6k in traditional IRA (non-deductible) cash to Roth IRA, then invest.
Does that sound like the right process? MUCH appreciated.
‎July 11, 2019
10:43 AM