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Posted On: 07/29/2020 10:06:31 PM
Post# of 9129
Re: erickarther #6895
Because of the election. If the President is not re-elected all bets are off on everything including what the rules could be on conversion from IRA to Roth. Besides if you target November, you won't forget and be scrambling on December 31st.
Also, all conversions I believe must be completed by December 31st. IRA contributions can go until you file your tax Returns.
With the price so low, now is the time to convert IRA to Roth. It has nothing to do with your income earned this year. That only come into consideration when you start a Roth and have nothing to convert. The amount that can go into the Roth then is dependent on your income.
Also, all conversions I believe must be completed by December 31st. IRA contributions can go until you file your tax Returns.
With the price so low, now is the time to convert IRA to Roth. It has nothing to do with your income earned this year. That only come into consideration when you start a Roth and have nothing to convert. The amount that can go into the Roth then is dependent on your income.
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