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Subject:  Re: Now the time to convert IRA? Date:  10/18/2008  5:02 PM
Author:  AcmeFool Number:  64296 of 81370

If you convert a traditional IRA to a roth, you pay taxes on the entire amount, as you received a deduction in the past.

You're making a big assumption here. Many of us have after-tax money in Traditional IRA accounts.

Of course, most people in that group are ineligible to convert money from a Traditional IRA to a Roth IRA, so the issue it moot for us.

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