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<<I am currently considering converting a regular IRA to a Roth IRA. I believe that the AGI limit
for doing this 100k. I get paid in bonuses and commissions and I dont know if my AGI will be
below this threshold this year of not. Does anyone know what the penalties are if I go ahead and
convert and end up with more than 100k AGI in 98?>>

If you blow through the AGI limit you should be able to convert back to a regular IRA and pay no
penalty. But the precise rules concerning this are still under consideration by Congress. You may
want to wait a few weeks until we see the Technical Corrections Act and can give a more definitive

I'm in the same boat. Personally, I'm going to wait until December to see what the income numbers are going to be.
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