Greetings, Larsips, and welcome. You wrote:<<I recently took my retirement in a cash balance and rolled it into a conventional IRA. If I had rolled it into a Roth IRA instead, would I have had to pay taxes on the amount. If not,would there be any way to reverse this blunder? I understand that I would have to pay taxes on the amount if I simply converted my conventional IRA to a Roth. >>You made no blunder because you cannot transfer retirement plan money directly to a Roth IRA anyway. By law, that's not allowed. A Roth may accept rollover money only from another Roth IRA or from a traditional IRA. If the money comes from the latter, then all previoulsly untaxed money in that traditional IRA will be taxed on its conversion to a Roth IRA.Regards..Pixy
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