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Parents Want to Convert 401ks to Roth IRAs
Parents Want to Convert 401ks to Roth IRAs My parents are retired and around 70 years old. They had about $90k in federal taxable income last year from a combination of rental income, social security and a pension. They have 2 401ks with about $1.3M combined. In two years one of the 401ks is going to require that they start making withdrawals. They haven't withdrew money from either 401k...
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