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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,752
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WHen you convert, you have to pay taxes on the amount at your current rate, right.
So if you have $100k in the IRA and you want to convert, and you're in the 25% bracket, then you'll have to pay $25k to Uncle Sam.
If you are on or ahead of schedule WRT your retirement savings, then it's nice to have a mix of pre and post tax savings available, but converting form pre to post will probably cost a bundle.
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Steve
'08 Boxster RS60 Spyder #0099/1960
- never named a car before, but this is Charlotte.
'88 targa  SOLD 2004 - gone but not forgotten
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