The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Another IRA Question||Date: 1/30/2011 8:15 PM|
|Author: canuck104||Number: 68351 of 75539|
Building on the post from the person seeking info on the Roth, I seek guidance from Fooldom:
Since I exceed the income requirements for contributing to a Roth IRA, can I open a non-deductible traditional IRA, fund it with last year's max contribution and this year's contribution, and then within a day or two (essentially no earnings) do a conversion to a Roth?
If I *CAN* do it this year, is this the only year I can do it -i.e. does the loophole expire this year/next year?
Any and all help/insight appreciated!
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|