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|Subject: Re: Loaded Funds, IRA||Date: 3/4/2011 1:42 PM|
|Author: StockGoddess||Number: 68617 of 76621|
As for Roth, I do not qualify due to income - one of the downsides to living in a place like CT
But there are ways around "not qualifying". My financial planner showed me if you put it into a regular IRA you can "roll" it into a Roth at the end of the year even if you make way too much to qualify.
So that's the back-door method of getting into a Roth. Once it's invested in a regular fund it can be rolled to Roth.
If you take a tax deduction when you put it into the regular you'll have to pay that back, though - but you probably make too much to take the deduction anyway, so it's a wash.
SG "Rollin' rollin' rollin...keep that Roth a-rollin'....rawhide!"
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