Roth conversion – avoid pro rata rule with interest bearing account
Roth conversion – avoid pro rata rule with interest bearing account Ok so I have one traditional IRA I keep open with a zero balance and each year I contribute to it and immediately do a Roth conversion on the funds (I’m too high of an earner for a tax deduction on the contribution if that’s important to know). What I find is I end up getting a tiny amount of interest paid from the very short-lived deposit prio…