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<< This, it would seem then, is a fabulous loophole that effectively allows you to contribute more than $2,000 to your Roth in any year that you switch jobs.

Is that correct? >>

It's correct in terms of outcome, but I wouldn't call it a loophole, a term usually reserved for unintended consequences.

As near as I can tell, Congress was perfectly happy giving people the opportunity to create additional taxable income in the current year. It helps create the surplus.

Phil Marti
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