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High earner just realized my Trad IRA contributions are no longer deductible-what now?
High earner just realized my Trad IRA contributions are no longer deductible-what now? Hi all, Newish to PFi so some concepts are fuzzy for me! I have about 70k in my Traditional IRA with Vanguard. I am finally at the point in my career where I make too much (200K this year-RN in a VHCOL area) to deduct my Trad IRA contributions from my taxes. If I convert it to a ROTH, my understanding is that I will pay taxes on existing earning...
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