Converting to a Roth IRA? It’s All About the Basis and the Taxes
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The year 2010 represented one of the most historic events in personal finance history. As of that date, no matter what your earnings, you were eligible to convert any or all of your pre-tax IRAs to a post-tax (Roth) IRA. Before then, tax payers earning more than $100,000 were prevented from making such a conversion.
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