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Does this work for nondeductible IRAs, too? Our income is too high to make Roth contributions, and I am covered by an employer 401(k) (TIAA-CREF) plan, so a deductible Roth is also out of the question. Can I contribute 5K (or any amount) this year to a nondeductible IRA and immediately convert that to a Roth?

Thanks much.

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