- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
That is not the answer I got from Fidelity but you are the expert that's why I asked here.
I am still confused. So, I will share exact numbers so I will appreciate if you can help me understand
I have 95K in Traditional IRA (pre-tax money). Last contribution I made into this account was several years ago.
Now, I want to put 6K (2020 limit) in this account which will be post tax money and then convert that 6K into Roth IRA.
Do I pay taxes on 6K that I took out from Traditional IRA?
‎February 4, 2020
10:38 AM