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Author: GoodEye One star, 50 posts Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121335  
Subject: SEP to Roth Date: 3/21/1999 1:42 PM
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I have searched, but haven't hit on this exactly. My wife and I are self-employed; all my IRA contributions are non-deductible.

Please confirm that I have this right:

I understand I can convert my SEP to a Roth, take the hit, then enjoy years of tax-exempt Foolish gains! Since these gains are quite Foolish, having them tax-exempt quickly out-paces any Traditional-vs-Roth comparisons of the original contribution.

Doesn't this give me a way of getting more money into a Roth than the $2K ($4K married) limit? More in means more gains means more tax-exempt gains, yes?

As for details, I read mixed messages on whether the SEP can convert right to a Roth, or whether it has to convert to a 'regular' IRA first.

Thank you,
GoodEye
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