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How to contribute to a Roth IRA and still get a TAX DEDUCTION






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Title :  How to contribute to a Roth IRA and still get a TAX DEDUCTION
Lasting :   4.36
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Comments How to contribute to a Roth IRA and still get a TAX DEDUCTION



@tammygunya6740
 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


@tradingpoker1324
 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


@kevinbates1657
 Thank you so much !
Comment from : @kevinbates1657


@mitchielou9622
 Also, SEP IRA is the best for the self-employed
Comment from : @mitchielou9622



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