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Here’s Why You May Want To Reconsider Doing That Backdoor Roth IRA Conversion

TedTed
in The Bullpen
FYI: Converting taxable income into nontaxable income is something all taxpayers are eager to do. The backdoor Roth IRA is one of those options — but there are state and federal tax pitfalls to converting money from a traditional IRA or a qualified retirement account (such as a 401(k)) to a Roth IRA.
Regards,
Ted
https://www.marketwatch.com/story/heres-why-you-may-want-to-reconsider-doing-that-backdoor-roth-ira-conversion-2019-04-17/print
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