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https://boards.fool.com/since-the-after-tax-income-that-the-op-will-be-30736493.aspx
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| Subject: Re: 55 year old rule | Date: 6/16/2013 2:55 PM | |
| Author: vkg | Number: 25067 of 26341 | |
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Since the after-tax income that the OP will be contributing to a Roth and then converting has already been taxed, and would be taxed whether or not he contributes it to an IRA, the back-door Roth conversion will let him save on future taxes. AJ Than you for the explanation. Moving the IRA to a 401K allows converting of new contributions to a ROTH without additional taxes. |
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