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To Convert a large Rollover IRA?
To Convert a large Rollover IRA? I’m likely to hit the income cap for annual Roth contributions. Per my understanding I’d have to pay taxes on my rollover IRA in order to do a backdoor Roth in the future (assuming income remains above the cap). I have about 15-20 yrs until retirement but the rollover is like 500k - that’s a lot of taxes and potential missed future growth opport...
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