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Financial Planning / Foolish 401(k)s


Subject:  Re: 55 year old rule Date:  6/16/2013  2:55 PM
Author:  vkg Number:  25067 of 26341

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.


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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