| Title | : | How to contribute to a Roth IRA and still get a TAX DEDUCTION |
| Lasting | : | 4.36 |
| Date of publication | : | |
| Views | : | 8,6 rb |
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Does this also include a deduction into a Safe Harbor 401K plan? I know that you cannot convert into this plan so I would have to move my funds to an individual IRA before doing the conversion Thank you Comment from : @tammygunya6740 |
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Thanks You still had to pay taxes on the conversion So in a sense you lose the tax deduction benefit Ideally like you said, you'd be in a lower tax bracket the next year during conversion Comment from : @tradingpoker1324 |
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Thank you so much ! Comment from : @kevinbates1657 |
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Also, SEP IRA is the best for the self-employed Comment from : @mitchielou9622 |
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