There used to be an income cap on converting from an IRA to a Roth so I was unable to convert until an anomalous year occurred at which time I took advantage of the situation and converted what I had in my IRA. I was never able to contribute more to the Roth but am happy I could at least get some funds into a Roth!
Recently the cap was removed. Roth IRA Conversion Rules | Can You Convert from a Traditional IRA?
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 01-04-2019 at 12:33 PM.
|