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Subject:  Re: make too much for IRA Date:  2/20/2012  3:15 PM
Author:  ptheland Number:  70186 of 81375

I heard that I can contribute to IRA ... but soon after convert the IRA to Roth.

In another thread, you mention that you have a rollover IRA. That means this particular strategy doesn't work very well for you.

As AJ mentioned, you can't convert just your non-deductible IRA contributions. You have to prorate the non-deductible portion over all of your IRA accounts. That means only a portion of the conversion to a Roth IRA would be tax-free. Potentially a very small portion.

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