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URL:  http://boards.fool.com/another-ira-question-29068222.aspx

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!

canuck104
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