The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Should I Convert?||Date: 6/20/2011 3:18 PM|
|Author: TMFPMarti||Number: 113553 of 121316|
Phil, is it possible to choose not to exclude $5,000 of my income in order to legally contribute to a Roth?
IIRC, no. I'm far from an expert in this area, but I've seen discussions, both here and elsewhere, which concluded that if you elect the exclusion you can't restrict it to less than the full amount allowable.
Rule Your Retirement Home Fool
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|